Accounting books maintained of trust for hospital

Assess hospital maintained(Registereation) under Trust .

question:

Assess how to maintaince producure  for hospital account under trust registeration

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Quick Summary
This discussion outlines the procedures for maintaining accounting books for a hospital registered under a trust. It covers the essential financial statements required, including income and expenditure accounts, balance sheets, and receipts and payments accounts. The guidance emphasizes adherence to trust rules and regulations, and the accrual accounting method for recognising revenue and expenses, with audits conducted as per Section 12A.

You should maintain income expenditure account, balance sheet of hospital, receipts and payments account
It's is public trust or private trust for benifit of one person
on accrual accounting reconized revenue and expenses when they are earned or incurred
the books are maintained as per the trust rules and regulations
and will be audit as per sect 12A

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