# Question 31 Chapter 1 of Class 12 Part – 1 VK Publication

Question 31 Chapter 1 of Class 12 Part - 1 VK Publication

Question 31 Chapter 1 of Class 12 Part – 1

31. Calculate the amount to be shown under the head ‘sports material used’ in the Income and Expenditure A/c of a sports club for the year ended 31st December, 2018:

 Particulars Rs. Stock of Sports Material on 1st January, 2018 30,000 Creditors for Sports Material on 1st January, 2018 20,000 Amount paid for Sports Materials during the year ended 31st December, 2018 1,08,000 Stock of Sports Material on 31st December, 2018 13,000 Creditors for Sports Materials on 31st December, 2018 5,000

## The solution of Question 31 Chapter 1 of Class 12 Part – 1: –

Income and Expenditure Account

For the year ended on 31st March, 2018

 Expenditure Amount Income Amount To Sports material consumed: Amount paid 1,08,000 Less: Creditors in the beginning 20,000 88,000 Add: Creditors at the end 5,000 93,000 Add: Stock in the beginning 30,000 1,23,000 Less: Stock at the end 13,000 1,10,000

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

## 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