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

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

Question 12 Chapter 1 – Unimax Class 12 Part 1
12. What amount will be posted to the Income and Expenditure account as regards stationery?

Free Accounting book Solution - Class 11 and Class 12
Stock of stationery in hand on 1.1.2021 300
Payment made for stationery during the year 1080
Stock of stationery on 31st December 2021 50
Creditor for stationery outstanding on 1.1.2021 200

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

 
The stock of stationery as on 1st Jan., 2012   300
Add: – payment made during the year 2012   1080
    13800
Less: – Stock as on 31st Dec., 2012 50  
Less: – Outstanding creditors on 1st Jan., 2012 200 250
Amount to be posted to Income and Expenditure A/c   1130

This is all about the Question 12 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)