25 November 2009
Hi Venkatesh, In a general Income & expenditure Account for doctors, their main expenditure are medicines consumed (Op. + purchases - closing), periodicals & magazines, surgical items, Depreciation on machines & equipments, salary to compounder & nurses, conveyance exp, & main sources of Income are consultancy fees, fees from surgical operations, Income from working as a guest consultants, etc. General balance Sheet includes Liabilities side as Capital, Loans & Assets side as Stock of medicines, machines & equipments, etc.
CAclubindia
