# Question 27 Chapter 1 of Class 12 Part – 1 VK Publication

Question 27 Chapter 1 of Class 12 Part - 1 VK Publication

Question 27 Chapter 1 of Class 12 Part – 1

1. 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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## 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