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Question 24 Chapter 1 of +2 Part-1 - USHA Publication 12 Class Part - 1

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Question 24 Chapter 1 of +2-Part-1

24. (Treatment of Expenses) Find out the expenses to be charged to the Income and Expenditure account for the year ended 31-3-15 of Hockey Club Jalandhar :

Particulars	Rs.
Actual expenses paid	1,68,000
Expenses outstanding on 1-4-14	12,600
Expenses outstanding on 31-3-15	4,200
Prepaid expenses on 1-4-14	2,100
Prepaid expenses on 31-3-15	8,400

The solution of Question 24 Chapter 1 of +2 Part-1 : -

Calculation of expenses chargeable to Income and Expenditure account

Particulars		Amount
Actual Expenses paid during the year		1,68,000
Add: Prepaid in the beginning	2,100
Outstanding at the end of the year	4,200	6,300
		1,74,300
Less: Prepaid at the end	8,400
Outstanding at the beginning of the year	12,600	(21,000)
Expenses chargeable to Income and Expenditure Account		1,53,300

Question 24 Chapter 1 of +2 Part-1 - USHA Publication 12 Class Part - 1

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The solution of Question 24 Chapter 1 of +2 Part-1 : -

Usha Publication - Accountancy PSEB (Class 12) - Volume I - Solution

Usha Publication - Accountancy PSEB (Class 12) - Volume II - Solution

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