Question 20 Chapter 1 of +2 Part-1 - USHA Publication 12 Class Part

Question 20 Chapter 1 of +2-Part-1

Table of Contents

20. (Stationary Consumption) Calculate the amount of stationary to be posted in Income and Expenditure account for the year ended 31-3-15.

Particulars	Rs.
Stock of Stationary on 1.4.2014	900
Creditors for stationary on 1.4.2014	600
Advance paid for stationary 1.4.2014	60
Stock of stationery on 31.03.2015	150
Advance paid for stationary on 31.03.2015	90
Amount paid for stationary	3,240
Creditors for stationary on 31.03.2015	390

The solution of Question 20 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		900
Add: Advance paid for stationary on 1.4.2014	60
Amount paid for stationary	3,240
Creditors for stationary on 31.03.2015	390	4590

Less: Creditors for stationary on 1.4.2014	600
Stock of stationery on 31.03.2015	150
Advance paid for stationary on 31.03.2015	90	(840)
		3,750

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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