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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 - 2021

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

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Stock of stationery in hand on 1.1.2021300
Payment made for stationery during the year1080
Stock of stationery on 31st December 202150
Creditor for stationery outstanding on 1.1.2021200

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., 201250 
Less: – Outstanding creditors on 1st Jan., 2012200250
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

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Not-for-Profit Organisations – Meaning and Overview – In Hindi

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Comment if you have any doubt in Question 12 Chapter 1 – Unimax.

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

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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)

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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)

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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)

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