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Question 11 Chapter 1 - Unimax
11. What amount of ‘medicines’ be posted in the Income and Expenditure A/c?
| The stock of medicines on 1.1.2021 | 600 |
| Creditors for medicines on 1.1.2021 | 400 |
| The stock of medicines on 31.12.2021 | 100 |
| Amount paid for medicines during 2021 | 2160 |
| Advance paid for medicines on 31.12.2021 | 60 |
| Particulars | Amount | |
|---|---|---|
| The stock of medicine as of 1 Jan. 2012 | 600 | |
| Add: - Amount paid for medicine during the year 2012 | 2160 | |
| Less: - Creditors for medicine as of 1st Jan. 2012 | 400 | |
| Less:-Stock of medicine as of 31st Dec. 2021 | 100 | |
| Less: - Advance paid for medicine as of 31st Dec. 2012 | 60 | 560 |
| Income from subscriptions during the year | 2200 | |
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Not-for-Profit Organisations – Meaning and Overview
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Not-for-Profit Organisations – Meaning and Overview – In Hindi
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Also, Check out the solved question of all Chapters: –
Accountancy – Unimax Class 12 Part 1 – 2021 – Solution.
Chapter No. 1 – Accounts of Non-Profit Organisations
Chapter No. 2 – Partnership Accounts – I (Basic Concepts)
Chapter No. 3 – Partnership Accounts – II (Goodwill)
Chapter No. 4 – Partnership Accounts – III (Change in Profit Sharing Ratio among Existing Partners)
Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
Chapter No. 1 – Accounting Not for Profit Organisations
Chapter No. 2 – Partnership Accounts – I (Introduction)
Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
Chapter No. 8 – Company Accounts (Share Capital)
Chapter No. 9 – Company Accounts (Issue of Debentures)
Chapter No. 10 – Company Accounts (Redemption of Debentures)
T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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