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Question 21 Chapter 1 of +2-A – T.S. Grewal 12 Class Part – A Vol. 1

Question 21 Chapter 1 of +2-A
Question No.21 - Chapter No.1 - T.S. Grewal +2 Book Part-A 2019-Solution-min-min

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Question 21 Chapter 1 of +2-A

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21. On the basis of information given below, calculate the number of medicines to be debited to the income and expenditure account of Good Health Hospital for the year ended 31st March 2019:

Particulars 1st April 2018 31st March 2019
 Rs.Rs.
Stock of Medicine1,75,7501,44,650
Creditors for Medicine15,06,90018,20,700

Medicines purchased during the year ended 31st March 2019 were Rs 60,80,700.

The solution of Question 21 Chapter 1 of +2-A: –

Statement Showing Medicines consumed during the year
Particular Amount
Medicines Purchased during the year60,80,700
Add: – Opening Stock of Medicines as on 01/04/20181,75,750
 62,56,450
Less: – Closing Stock of Medicines as on 31/03/20191,44,650
The amount for Medicine debited to the Income and Expenditure A/c61,11,800

 

Income and Expenditure Account
Particular AmountParticularAmount
To Medicines Consumed61,11,800  
    

                                        

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Not-for-Profit Organisations – Meaning and Overview

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Also, Check out the solved question of previous Chapters: –

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

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

+2 Book 1-min
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

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