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Question 29 Chapter 1 of Class 12 Part – 1 VK Publication

Question 29 Chapter 1 of Class 12 Part - 1 VK Publication
Question 29 Chapter 1 of Class 12 Part - 1 VK Publication

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Question 29 Chapter 1 of Class 12 Part – 1

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29. Following information is related to Roshni Charitable Hospital:

ParticularsRs.
Paid for medicines during 2017-18840
Due for medicines on 31st March, 2017150
Due for medicines on 31st March, 2018160
Paid in advance for medicines on 31st March, 201760
Paid in advance for medicines on 31st March., 2018140

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

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Income and Expenditure Account

For the year ended on 31st March, 2018

ExpenditureAmountIncomeAmount
To Medicines Consumed    
Paid for Medicines840   
Add: Outstanding on 31st March, 2018160   
 (150)   
Less: Prepaid on 31st March, 2018 140850   
Add: Prepaid on 31st March, 2017(140)   
Less: Stock at the end60770  

 

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

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

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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)

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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

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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

+2 Book 1-min
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

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