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

Question 17 Chapter 1 of +2- Part-1

Question 17 Chapter 1 of +2-Part-1

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: –

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

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

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2 Book 1 min - Question 17 Chapter 1 of +2-Part-1 - USHA Publication  12 Class Part - 1
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

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