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Question 19 Chapter 1 of +2-Part-1
19. (Stationary Consumption) Calculate the amount to be posted to the Income and Expenditure account for 31-3-15.
| Particulars | Rs. |
| The stock of Stationary on 1.4.2014 | 800 |
| Creditors for stationary on 1.4.2014 | 300 |
| Advance paid for stationary carried forward from last year | 90 |
| The stock of stationery on 31.03.2015 | 80 |
| Advance paid for stationary on 31.03.2015 | 120 |
| Amount paid for stationary during the year 2014 -15 | 3,040 |
| Creditors for stationary on 31.03.2015 | 190 |
| Cash purchases | 2,000 |
Amount to be posted to Income and Expenditure Account for the year ending 31-3-2015
| Particular |
Amount | |
|---|---|---|
| Opening stock of stationary as on 1.4.2014 | 800 | |
| Add: Advance paid for stationary, carried forward | 90 | |
| Amount paid for stationary during the year 2014 -15 | 3,040 | |
| Creditors for stationary on 31.03.2015 | 190 | |
| Cash purchases | 2,000 | 5,320 |
| Less: Creditors for stationary on 1.4.2014 | 300 | |
| The stock of stationary on 31.03.2015 | 80 | |
| Advance paid for stationary on 31.03.2015 | 120 | (500) |
| 5,620 | ||
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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.
This guide covers "Question 19 Chapter 1 of +2 Part-1 - USHA Publication 12 Class Part - 1", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to USHA Publication +2 Part 1.
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