Question 19 Chapter 1 of +2 Part-1 - USHA Publication 12 Class Part

Question 19 Chapter 1 of +2-Part-1

Table of Contents

19. (Stationary Consumption) Calculate the amount to be posted to the Income and Expenditure account for 31-3-15.

Particulars	Rs.
The stock of Stationary on 1.4.2014	800
Creditors for stationary on 1.4.2014	300
Advance paid for stationary carried forward from last year	90
The stock of stationery on 31.03.2015	80
Advance paid for stationary on 31.03.2015	120
Amount paid for stationary during the year 2014 -15	3,040
Creditors for stationary on 31.03.2015	190
Cash purchases	2,000

The solution of Question 19 Chapter 1 of +2 Part-1: –

Amount to be posted to Income and Expenditure Account for the year ending 31-3-2015
Particular		Amount
Opening stock of stationary as on 1.4.2014		800
Add: Advance paid for stationary, carried forward	90
Amount paid for stationary during the year 2014 -15	3,040
Creditors for stationary on 31.03.2015	190
Cash purchases	2,000	5,320

Less: Creditors for stationary on 1.4.2014	300
The stock of stationary on 31.03.2015	80
Advance paid for stationary on 31.03.2015	120	(500)
		5,620

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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