Question 15 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 15 Chapter 1 of +2- Part-1

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:

Particulars 01-04-1431-03-15
Stock of medicines22,50019,200
Creditors for medicines6,0007,800

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 year57,000
Add: – Creditors for medicines at the end of year7,800
  Opening stock of medicines22,500
 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/c62,100


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 - Question 15 Chapter 1 of +2 Part-1 - USHA Publication  12 Class Part - 1
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

Leave a Reply