CBSE Class 12 - ACCOUNTANCY - CASE STUDY 2

Read the following hypothetical text and answer the given questions:

Dr. Rajani Mehta, a qualified M.B.B.S. doctor, got voluntary retirement at the age of 50 years from a renowned hospital.

She was residing in a flat of a wide apartment which is surrounded by a slum inhabited by the economically weaker strata of society.

As the people in that area were not aware of the importance of health care, a widespread ailment had been persistently prevailing.

Rajani met with some of the well-off people of the apartment and decided to open a dispensary named "LOCAL Clinic" to provide cost-free medical assistance and to make them aware of hygienic living, physical fitness, and a balanced economic diet.

Many of the apartment members agreed to it.

She approached the health department of the town with her proposal, which was accepted, and an initial one-time grant of ₹2,00,000 was sanctioned immediately for the purchase of medical equipment and test kits for pathological tests.

Ten members of the apartment contributed ₹20,000 each as a lifetime subscription to the clinic.

Rajani decided to charge ₹10 as a one-time registration fee from patients.

Apart from the above, Rajani made the following transactions for the first year:

Rajni informed that during the first year 10,500 patients were registered for treatment and for other services.