Question 29 Chapter 1 of Class 12 Part – 1
29. Following information is related to Roshni Charitable Hospital:
| Particulars | Rs. |
| Paid for medicines during 2017-18 | 840 |
| Due for medicines on 31st March, 2017 | 150 |
| Due for medicines on 31st March, 2018 | 160 |
| Paid in advance for medicines on 31st March, 2017 | 60 |
| Paid in advance for medicines on 31st March., 2018 | 140 |
What amount will you debit to Income and Expenditure Account in respect of medicine Consumed?
The solution of Question 28 Chapter 1 of Class 12 Part – 1: –
Roshni Charitable Hospital
Income and Expenditure Account
For the year ended on 31st March, 2018
| Expenditure | Amount | Income | Amount | |
| To Medicines Consumed | ||||
| Paid for Medicines | 840 | |||
| Add: Outstanding on 31st March, 2018 | 160 | |||
| (150) | ||||
| Less: Prepaid on 31st March, 2018 140 | 850 | |||
| Add: Prepaid on 31st March, 2017 | (140) | |||
| Less: Stock at the end | 60 | 770 | ||
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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)
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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
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