Question 13 Chapter 1 – Unimax Class 12 Part 1
13. The following figures (all in Rs.) relate to a non-trading concern :
| 1st January, 2021 stock of medicines | 5000 |
| 1st January, 2021 outstanding creditors for medicines | 3000 |
| Amount paid for medicines during the year | 15000 |
| Value of medicines spoiled during the year | 400 |
| Stock of medicines on 31st December, 2021 | 3500 |
The solution of Question 13 Chapter 1 – Unimax Class 12 Part 1:
Amount to be debited to income and Expenditure account for the year ended Dec. 31, 2006.
| Particulars |
Amount |
Particulars | Amount |
| To Bank a/c | 15,000 | By Balance b/d | 3,000 |
| By Purchase of Medicines (Balancing Figure) |
12,000 | ||
| 15,000 | 15,000 |
Amount to be debited to income and Expenditure account for the year ended Dec. 31, 2006.
| Stock of Medicines As on 1-1-2012 | 5000 |
| Add: Purchases Made during 2012 | 12000 |
| 17000 | |
| Less: Stock of Medicines As on 31-12-2012 | 3500 |
| Less: Stock of Medicines As on 31-12-2012 | 13500 |
This is all about the Question 13 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
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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)
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T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures