Question 20 Chapter 1 of +2- Part-1

Question 20 Chapter 1 of +2-Part-1

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 1.4.2014900
Creditors for stationary on 1.4.2014600
Advance paid for stationary 1.4.201460
Stock of stationery on 31.03.2015150
Advance paid for stationary on  31.03.201590
Amount paid for stationary 3,240
Creditors for stationary on 31.03.2015390

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 1.4.2014900
Add: Advance paid for stationary on 1.4.201460 
Amount paid for stationary3,240 
Creditors for stationary on 31.03.20153903,690
   
Less: Creditors for stationary on 1.4.2014600 
Stock of stationery on 31.03.2015150 
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: –

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

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

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 1 min - Question 20 Chapter 1 of +2 Part-1 - USHA Publication  12 Class Part - 1
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

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