Question 25 Chapter 1 of +2 Part-1 - USHA Publication 12 Class Part

Question 25 Chapter 1 of +2-Part-1

Table of Contents

25. (Treatment of Interest received) Calculate the interest to be credited to Income and Expenditure account for the year 31-3-2015 :

The solution of Question 25 Chapter 1 of +2 Part-1: –

Interest to be credited to Income and Expenditure account
Particulars		Amount
Interest received during the year		32,500
Add: Interest accrued at the end		5,200
		37,700
Less: Interest accrued in the beginning		(9,100)
Interest credited to Income and Expenditure Account		28,600

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

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