# Question 26 Chapter 1 of +2-A – T.S. Grewal 12 Class Part – A Vol. 1

Question No.26 - Chapter No.1 - T.S. Grewal +2 Book Part-A 2019-Solution-min-min

Question 26 Chapter 1 of +2-A

26. Calculate the amount of sports material to be transferred to Income and Expenditure Account of Raman Bhalla Sports Club, Ludhiana, for the year ended 31st March 2018:

 Particulars Rs (i) Sports Material sold during the year (Book Value Rs 50,000) 56,000 (ii) Amount paid to creditors for Sports Materials 91,000 (iii) Cash Purchased of sports material 40,000 (iv) Sports Material as on 31st March 2017 50,000 (v) Sports Material as on 31st  March 2018 55,000 (vi) Creditors for Sports Material as on 31st  March 2017 37,000 (vii) Creditors for Sports Material as on 31st March 2018 45,000

### The solution of Question 26 Chapter 1 of +2-A: –

 Statement Showing stationery used during the year Particular Details Amount Amount paid for stationery during the year ended 31st March 2019 91,000 Add: – Opening Stock of Sports Material 50,000 Closing Creditors for Sports Material 45,000 Cash Purchase of Sports Material 40,000 1,35,000 2,26,000 Less: – Closing Sports Material 55,000 Opening Creditors for Sports Material 37,000 Book Value of sale of Sports Material 50,000 1,42,000 The amount for Medicine debited to the Income and Expenditure A/c 84,000

 Income and Expenditure Account Particular Amount Particular Amount To Sports Material Expenses 84,000

Not-for-Profit Organisations – Meaning and Overview

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