Question 23 Chapter 1 of +2-Part-1
Table of Contents
23. (Treatment of Expenses) Calculate actual expenses chargeable to Income and Expenditure account for the year ended 31-3-15 of Punjab Cricket Club:
| Particulars | Rs. |
| Actual expenses paid | 2,07,900 |
| Prepaid expenses on 1-4-14 | 11,340 |
| Prepaid expenses on 31-3-15 | 7,560 |
The solution of Question 23 Chapter 1 of +2 Part-1 : –
| Calculation of expenses chargeable to Income and Expenditure account |
||
| Particulars |
Amount | |
| Expenses paid during the year | 2,07,900 | |
| Add: Prepaid in the beginning | 11,340 | |
| 2,19,240 | ||
| Less: Prepaid on 31.3.15 | (7,560) | |
| Expenses chargeable | 2,11,680 | |
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Also, Check out the solved question of previous Chapters: –
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I
- Chapter No. 3 – Partnership Accounts – II (Introduction)
- Chapter No. 4 – Partnership Accounts – III (Goodwill: Nature and Valuation)
- Chapter No. 5 – Partnership Accounts – IV (Reconstitution of Partnership)
- Chapter No. 6 – Partnership Accounts – V (Admission of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Retirement and Death of A Partner)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company (Balance Sheet Only)
- Chapter No. 2 – Techniques of Financial Statement Analysis
- Chapter No. 3 – Ratio Analysis
- Chapter No. 4 – Cash Flow Statement
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