Question 23 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 23 Chapter 1 of +2- Part-

Question 23 Chapter 1 of +2-Part-1

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 paid2,07,900
Prepaid expenses on 1-4-1411,340
Prepaid expenses on 31-3-157,560

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

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

2 Book 1 min - Question 23 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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