Question 24 Chapter 1 of +2-Part-1
Table of Contents
24. (Treatment of Expenses) Find out the expenses to be charged to the Income and Expenditure account for the year ended 31-3-15 of Hockey Club Jalandhar :
| Particulars | Rs. |
| Actual expenses paid | 1,68,000 |
| Expenses outstanding on 1-4-14 | 12,600 |
| Expenses outstanding on 31-3-15 | 4,200 |
| Prepaid expenses on 1-4-14 | 2,100 |
| Prepaid expenses on 31-3-15 | 8,400 |
The solution of Question 24 Chapter 1 of +2 Part-1 : –
| Calculation of expenses chargeable to Income and Expenditure account |
||
| Particulars |
Amount | |
| Actual Expenses paid during the year | 1,68,000 | |
| Add: Prepaid in the beginning | 2,100 | |
| Outstanding at the end of the year | 4,200 | 6,300 |
| 1,74,300 | ||
| Less: Prepaid at the end | 8,400 | |
| Outstanding at the beginning of the year | 12,600 | (21,000) |
| Expenses chargeable to Income and Expenditure Account | 1,53,300 | |
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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)
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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