# Question 23 Chapter 1 of +2-A – T.S. Grewal 12 Class Part – A Vol. 1

Question No.23 - Chapter No.1 - T.S. Grewal +2 Book Part-A 2019-Solution-min-min

Question 23 Chapter 1 of +2-A

23. Calculate the amount to be posted to the Income and Expenditure Account for the year ended 31st March 2019:

1. Amount paid for stationery during the year ended 31st March 2019 – Rs 5400; Stock of Stationery in Hand on 31st March 2019 – Rs 250.
2. The stock of Stationery in Hand on 1st April 2018 – Rs 1,500; Payment made for stationery during the year ended 31st March 2019 – Rs. 5,400; Stock of Stationery in Hand on 31st March 2019 – Rs 250.

 The stock of Stationery on 1st April 2018 1,500 Creditors for Stationery on 1st April 2018 1,000 Amount paid for Stationery during the year 5,400 The stock off Stationery on 31st  March 2019 250

### The solution of Question 23 Chapter 1 of +2-A: –

The solution of (i) : –

 Statement Showing stationery used during the year Particular Details Amount Amount paid for stationery during the year ended 31st March 2019 5,400 Add: – Opening Stock of Stationery – Closing Creditors for Medicines – – 5,400 Less: – Closing Stock of Medicines 250 Opening Creditors for Medicines – 250 The amount for Medicine debited to the Income and Expenditure A/c 5,150

 Income and Expenditure Account Particular Amount Particular Amount To Medicines Consumed 5,150

The solution of (ii) :

 Statement Showing stationery used during the year Particular Details Amount Amount paid for stationery during the year ended 31st March 2019 5,400 Add: – Opening Stock of Stationery 1,500 Closing Creditors for Medicines – 1,500 6,900 Less: – Closing Stock of Medicines 250 Opening Creditors for Medicines – 250 The amount for Medicine debited to the Income and Expenditure A/c 6,650

 Income and Expenditure Account Particular Amount Particular Amount To Medicines Consumed 6,650

The solution of (iii): –

 Statement Showing stationery used during the year Particular Details Amount Amount paid for stationery during the year ended 31st March 2019 5,400 Add: – Opening Stock of Stationery 1,500 Closing Creditors for Medicines – 1,500 5,400 Less: – Closing Stock of Medicines 250 Opening Creditors for Medicines 1,000 1,250 The amount for Medicine debited to the Income and Expenditure A/c 5,650

 Income and Expenditure Account Particular Amount Particular Amount To Medicines Consumed 5,650

Not-for-Profit Organisations – Meaning and Overview

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