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

Question 19 Chapter 1 of +2- Part-1

Question 19 Chapter 1 of +2-Part-1

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

Particulars  Rs.
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
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  325  
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  
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: –

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

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

 

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Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

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