Advertisement

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 VK Publication

Advertisement

Question 24 Chapter 1 of Class 12 Part – 1

Advertisement

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:

ParticularsRs.
  
Expenses outstanding on 1st April, 2017350
Expenses outstanding on 31st March, 2018600
Expenses prepaid on 31st March, 2018720
Expenses prepaid on 1st April, 2017540
Expenses paid in cash during the year 2017-182,450

 

The solution of Question 24 Chapter 1 of Class 12 Part – 1: 

particulars Rs.
Expenses paid during the year2,450 
Add Outstanding on 31st March, 2018600 
Prepaid on 1st April, 20175403,590
Less: Outstanding on 1st April, 2017350 
Prepaid on 31st March, 2018720 
Expenses debited to Income and Expenditure Account 2,520

 

Advertisement-X

Thanks, Please Like and share with your friends  

Comment if you have any questions.

Also, Check out the solved question of all Chapters: –

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)

Advertisement-X

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)

Advertisement-X

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

Advertisement-X

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

+2 Book 1-min
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

Advertisement

Advertisement

error: Content is protected !!