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Question 30 Chapter 1 of Class 12 Part – 1 VK Publication

Question 30 Chapter 1 of Class 12 Part - 1 VK Publication
Question 30 Chapter 1 of Class 12 Part - 1 VK Publication

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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:

ParticularsRs.
Stock of Stationery on 1st April, 20176,000
Stock of Stationery on 31st March, 20181,000
Creditors for Stationery on 1st April, 20174,000
Creditors for Stationery on 31st March, 20182,600
Amount paid for Stationery during the year21,600

 

The solution of Question 30 Chapter 1 of Class 12 Part – 1: 

particularsRs.
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, 20181,000 
Creditors for stationery on 1st April, 20174,000 
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)

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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)

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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

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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 Fir

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