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Question 15 Chapter 1 of +2 Part-1
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Table of Contents
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 | 01-04-14 | 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 |
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Also, Check out the solved question of previous Chapters: –
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)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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