# Question 24 Chapter 1 of Class 12 Part – 1 VK Publication

Question 24 Chapter 1 of Class 12 Part - 1 VK Publication

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)

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