Question 24 Chapter 1 of Class 12 Part – 1
24. From the following particulars, calculate expenses to be debited to Income and Expenditure Account of Kids Development Association for the year ended 31st March 2018:
| Particulars | Rs. |
| Expenses outstanding on 1st April, 2017 | 350 |
| Expenses outstanding on 31st March, 2018 | 600 |
| Expenses prepaid on 31st March, 2018 | 720 |
| Expenses prepaid on 1st April, 2017 | 540 |
| Expenses paid in cash during the year 2017-18 | 2,450 |
The solution of Question 24 Chapter 1 of Class 12 Part – 1:
| particulars | Rs. | |
| Expenses paid during the year | 2,450 | |
| Add Outstanding on 31st March, 2018 | 600 | |
| Prepaid on 1st April, 2017 | 540 | 3,590 |
| Less: Outstanding on 1st April, 2017 | 350 | |
| Prepaid on 31st March, 2018 | 720 | |
| Expenses debited to Income and Expenditure Account | 2,520 |
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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)
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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
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Chapter No. 4 – Ratio Analysis
Chapter No. 5 – Cash Flow Statement
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