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Question 30 Chapter 1 of Class 12 Part – 1
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30. From the following information, show the amount that will appear in Income and Expenditure Account in respect of ‘Stationery’ on 31st March, 2018:
| Particulars | Rs. |
| Stock of Stationery on 1st April, 2017 | 6,000 |
| Stock of Stationery on 31st March, 2018 | 1,000 |
| Creditors for Stationery on 1st April, 2017 | 4,000 |
| Creditors for Stationery on 31st March, 2018 | 2,600 |
| Amount paid for Stationery during the year | 21,600 |
The solution of Question 30 Chapter 1 of Class 12 Part – 1:
| particulars | Rs. | |
| Amount paid for stationery during 2017-18 | 21,600 | |
| Add Stock of stationery on 1st April, 2017 | 6,000 | |
| Creditors for stationery on 31st March, 2018 | 2,600 | |
| 30,200 | ||
| Less: Stock of stationery on 31st March, 2018 | 1,000 | |
| Creditors for stationery on 1st April, 2017 | 4,000 | |
| Amount to be debited to Income and Expenditure A/c | 25,200 | |
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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)
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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
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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