Question 18 Chapter 1 of +2-Part-1 - USHA Publication 12 Class Part

Question 18 Chapter 1 of +2-Part-1

Table of Contents

18. (Sports Material Consumption) Calculate the amount of sports material to be charged to Income and Expenditure account for the year ended 31-3-15.

Particulars	Rs.
Sports material on 1.1.2014	9,000
Sports material on 31.3.2015	8,000
Creditors for sports material on 1.4.2014	4,000
Cash paid to creditors	38,000
Creditors for sports material on 31.3.2015	7,000

Income and Expenditure Account for the year ending 31-3-201
Expenditure		Amount	Income	Amount
Opening stock of sports materials	9,000
Add: Opening Stock	38,000
Closing Creditors	7,000
Less: Closing stock	8,000
Creditors opening	4,000
		42,000

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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 – 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