Question 11 Chapter 1 – Unimax Class 12 Part 1 – 2021

Question 11 Chapter 1 - Unimax Class 12 Part 1 - 2021

Question 11 Chapter 1 – Unimax 
11. What amount of ‘medicines’ be posted in the Income and Expenditure A/c?

Free Accounting book Solution - Class 11 and Class 12
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

The solution to Question 11 Chapter 1 – Unimax Class 12 Part 1: 

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

This is all about the Question 11 Chapter 1 – Unimax. You can check out the following article to better understand:

Not-for-Profit Organisations – Meaning and Overview

You Can also read all the above articles in Hindi on our Hindi Website

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)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)