Accounting · Non-Profit Organisations
A charitable hospital received ₹1,50,000 as a donation for constructing a new ward and ₹25,000 as fees from patients. It also incurred ₹20,000 on repairs to existing wards and ₹1,40,000 on constructing the new ward. How should these be treated in the Income and Expenditure Account and Balance Sheet?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹45,000 income; ₹1,60,000 capital expenditure
- 2₹25,000 income; ₹1,40,000 capital expenditure; ₹20,000 revenue expenditure✓
- 3₹1,75,000 income; ₹1,40,000 capital expenditure
- 4₹25,000 income; ₹1,60,000 capital expenditure
Correct answer
₹25,000 income; ₹1,40,000 capital expenditure; ₹20,000 revenue expenditure
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