Question 44 Chapter 1 of Class 12 Part - 1 VK Publication

The solution of Question 44 Chapter 1 of Class 12 Part - 1: -

Receipts and Payments Account

For the year ended on 31st March, 2018

Receipts	Amount	Payments	Amount
To Balance b/d (600+ 1200)	1,800	By Salaries and Wages	2,100
To Subscriptions	16,500	By Honorarium to Secretary	1,300
To Entrance fees	1,500	By Rent, Rates and Taxes	2,200
To Sale of old newspapers	200	By Miscellaneous Expenses	400
To Interest Received	300	By Library books	2,500
		By Entertainment and Sports Expenses	2,200
		By Furniture	3,000
		By Balance c/d
		Cash at Bank (Balancing figure)	1,600
		Cash in Hand (Balancing figure)	5,000
	20,300		20,300

Income and Expenditure Account (For the year ended 31st March 2018)

Expenditure		Amount	Income	Amount
To Salaries and Wages		2,100	By Subscriptions	16,500
To Honorarium to Secretary		1,300	By Entrance fees	1,500
To Rent, Rates and Taxes		2,200	By Sale of old newspapers	200
To Miscellaneous Expenses		400	By Interest Received	300
To Library books		2,500
To Entertainment and Sports Expenses		2,200
To Surplus, ie., Excess of Income over Expenditure		10,300
		18,500		18,500

 

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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)

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

Chapter No. 1 - Financial Statements of a Company

Chapter No. 2 - Financial Statement Analysis

Chapter No. 3 –  Tools of Financial Statement Analysis- Comparative and Common Size

Chapter No. 4 - Ratio Analysis

Chapter No. 5 - Cash Flow Statement

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