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 the Income and Expenditure account for 31-3-15.

Particulars Rs.
The stock of Stationary on 1.4.2014800
Creditors for stationary on 1.4.2014300
Advance paid for stationary carried forward from last year90
The stock of stationery on 31.03.201580
Advance paid for stationary on  31.03.2015120
Amount paid for stationary during the year 2014 -153,040
Creditors for stationary on 31.03.2015190
Cash purchases2,000

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 1.4.2014800
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 2,0005,320
   
Less: Creditors for stationary on 1.4.2014 300 
The stock of stationary on 31.03.2015 80 
Advance paid for stationary on 31.03.2015120(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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