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Question 27 Chapter 1 of Class 12 Part – 1
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- Calculate what amount will be posted to Income and Expenditure Account for the year Ending 31st March, 2018 for Stationery:
| Particulars | Rs. |
| Stock of Stationery on 1st April, 2017 | 600 |
| Creditors for the Stationery on 1st April, 2017 | 300 |
| Advances paid for Stationery carried forward from 2016-17 | 120 |
| Total amount paid for Stationery during the year 2017-18 | 2,000 |
| Stock of Stationery on 31st March, 2018 | 800 |
| Creditors for Stationery on 31st March, 2018 | 290 |
| Advance paid for Stationery on 31st March, 2018 | 200 |
The solution of Question 27 Chapter 1 of Class 12 Part – 1:
| particulars | Rs. | |
| Payment made for purchase of Stationery during the year | 2,000 | |
| Less: Creditors in the beginning | 300 | |
| Advance paid on 31st March, 2018 | 200 | 500 |
| 1,500 | ||
| Add: Creditors at the end | 290 | |
| Stock in the beginning | 600 | |
| Advances paid for carry forward from 2016-17 | 120 | 1,010 |
| 2,510 | ||
| Less: Stock at the end | 800 | |
| Stationery Expenses to be debited to the Income and Expenditure Account | 1,710 | |
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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)
Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
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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
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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
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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