Question 17 Chapter 1 of +2-Part-1 - USHA Publication 12 Class Part

Question 17 Chapter 1 of +2-Part-1

Table of Contents

17. (Stationary Consumption) Calculate what amount should be posted to the Income and Expenditure Account for the year ended 31.12.2015.

Particulars	Rs.
The stock of Stationary on 1.1.2015	750
Creditors for stationary on 1.1.2015	500
The stock of stationery on 31.12.2015	125
Amount paid for stationary during the year	2,700
Creditors for stationary on 31.12.2015	325

The solution of Question 17 Chapter 1 of +2 Part-1: –

Income and Expenditure Account for the year ending 31-3-201
Expenditure		Amount	Income	Amount
To Sports Material Consumed:
Amount Paid	2,700
Add: Opening Stock	750
Closing Creditors	325
Less: Closing stock	125
Creditors opening	500
		3,150

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

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