From the following data, prepare an Income and Expenditure Account for the year ended 31st December 2025, and Balance Sheet as at that date of the…

New Max Hospital Income & Expenditure Account for the year ended 31 December, 2025 Expenditure ₹ Income ₹ To Salaries 12,000 By Subscriptions 12,250 To Diet expenses 7,800 By Govt. Grants (Maintenance) 10,000 To Rent & Rates 850 By Fees from Patients 2,400 To Printing & Stationery 1,200 By Donations 4,000 To Electricity & Water charges 1,200 By Benefit shows (net collections) 3,000 To Office expenses 1,000 By Interest on Investments 400 To Excess of Income over expenditure transferred to Capital Fund 8,000 32,050 32,050 Balance Sheet as at 31st Dec., 2025 Liabilities Particulars ₹ Assets Particulars ₹ Capital Fund : Building : Opening balance 24,650 Opening balance 45,000 Excess of Income Over Expenditure 8,000 32,650 Addition 25,000 70,000 Building Fund : Hospital Equipment : Opening balance 40,000 Opening balance 17,000 Add: Govt. Grant 40,000 80,000 Addition 8,500 25,500 Subscriptions received in advance 1,200 Furniture 3,000 Investments- 8% Govt. Securities 10,000 Subscriptions receivable 700 Accrued interest 400 Prepaid expenses (Rent) 150 Cash at Bank 3,400 Cash in hand 700 1,13,850 1,13,850 Working Notes: (1) Balance sheet as at 31st Dec., 2024 Liabilities ₹ Assets ₹ Capital Fund (Balancing Figure) 24,650 Building 45,000 Building Fund 40,000 Equipment 17,000 Salaries payable 3,600 Subscription Receivable 3,250 Cash at Bank 2,600 Cash in hand 400 68,250 68,250 (2) Value of Building Particulars ₹ Balance on 31st Dec. 2025 70,000 Paid during the year (25,000) Balance on 31st Dec. 2024 45,000 (3) Value of Equipment Particulars ₹ Balance on 31st Dec. 2025 25,500 Paid during the year (8,500) Balance on 31st Dec. 2024 17,000 (4) Subscription due for 2024 Particulars ₹ Receivable on 31st Dec. 2024 3,250 Received in 2025 2,550 Still Receivable for 2024 700