Ads loading…
Question 15 Chapter 1 of +2- Part-1
Q-15 - CH-1 - Usha +2 Book 2018 - Solution

Question 15 Chapter 1 of +2 Part-1

15. (Medicine Consumption) Calculate the amount of expenditure on medicine to be debited to Income and Expenditure account for the year ending 31-3-2015:

Ads loading…
Particulars  01-04-14 31-03-15
Stock of medicines 22,500 19,200
Creditors for medicines 6,000 7,800

Amount paid for medicines during the year Rs.57,000.

The solution of Question 15 Chapter 1 of +2 Part-1: – 

Amount of Expenditure to be debited to Income and Expenditure account:

 
Amount paid for medicines during the year 57,000
Add: – Creditors for medicines at the end of year 7,800
  Opening stock of medicines 22,500
  87,300
Less: – Opening balance of creditors for medicines (6,000)
   Closing stock of medicines (19,200)
Amount of expenditure debited to the Income and Expenditure A/c 62,100


Thanks, Please Like and share with your friends  

Comment if you have any questions.

Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

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

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

+2 Book 1-min
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

Ads loading…

Advertisement

Crazy Pachinko bonusstatistiky Crazy TimeCrazy Time live ItaliaCoin Flip Crazy Timehur spelar man Crazy TimeRoyal Reels casinoCrazy Time strategies UKATG App Sverige
error: Content is protected !!