Question 21 Chapter 1 of Class 12 Part – 1 VK Publication
21. The following particulars have been taken from the Receipt and Account of the sports club. You are required to show the items given under intinal accounts of the club:
Receipts and Payments Account
As at 31st March, 2018
| Receipts | Rs. | Payments | Rs. |
| To Donation for Cricket Tournament | 80,000 | ||
| To Donation | 22,000 |
Additional information: An amount of Rs. 34,000 had been spent on tournament expenses.
The solution of Question 21 Chapter 1 of Class 12 Part – 1 VK Publication:-
| Incom and Expenditure Account | |||
| Expenditure | (Rs.) | Income |
(Rs.) |
| By Donations | 22,000 | ||
Balance Sheet
(as at 31st March 2018)
| Liabilities | Amount | Assets | Amount | |
| Donation for Cricket Tournament | 80,000 | |||
| Less: Tournament Expenses | 34,000 | 46,000 |
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Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
Chapter No. 1 – Accounting Not for Profit Organisations
Chapter No. 2 – Partnership Accounts – I (Introduction)
Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
Chapter No. 8 – Company Accounts (Share Capital)
Chapter No. 9 – Company Accounts (Issue of Debentures)
Chapter No. 10 – Company Accounts (Redemption of Debentures)
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Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
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
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