Q. 5 (a) Summary of Receipts and payments of Bombay Medical Aid Society for the year ended 31.12.2000 are as follows:
Opening Cash balance in hand Rs. 8,000, Subscription Rs. 50,000, Donation Rs. 15,000, Interest on Investments @ \( 9 \% \) p.a. Rs. 9,000, Payments for medicine supply Rs. 30,000, Honorarium to Doctors Rs. 10,000, Salaries Rs. 28,000, Sundry Expenses Rs. 1,000, Equipment purchase Rs. 15,000, Charity show expenses Rs. 1,500, Charity show collections Rs. 12,500.
Additional information:
\begin{tabular}{|l|l|l|}
\hline & 1.1 .2000 & 31.12 .2000 \\
\hline Subscription due & 1,500 & 2,200 \\
Subscription received in advance & 1,200 & 700 \\
Stock of medicine & 10,000 & 15,000 \\
Amount due for medicine supply & 9,000 & 13,000 \\
Value of equipment & 21,000 & 30,000 \\
Value of building & 50,000 & 48,000 \\
\hline
\end{tabular}
You are required to prepare Receipts and Payments Account and Income and Expenditure Account for the year ended 31.12.2000 and Balance Sheet as on 31.12.2000.
(15 Marks)