# Question 7 Chapter 1 – Unimax Class 12 Part 1 – 2021

Question 7 Chapter 1 - Unimax Class 12 Part 1 - 2021

Question 7 Chapter 1 – Unimax Class 12 Part 1

7. Calculate the amount to be posted to Income and Expenditure Account for the year ending 31.12.2021 in respect of ‘Stationery’.

 Stock of Stationery on Jan. 1, 2021 300 Creditors for stationery on Jan. 1, 2021 200 Advance paid for stationery carried forward from 2020 80 Amount paid for stationery during 2021 2,050 Stock of Stationery on Dec. 31, 2021 40 Advance paid for stationery on 31.12.2021 25

## The solution of Question 7 Chapter 1 – Unimax Class 12 Part 1:

 Particulars Amount Opening Stock of Stationery as on Jan. 1, 2012 300 Add: – Advance paid for stationery carried forward from 2011 80 Add: – Amount paid for stationary during the year 2012 2050 2430 Less: – Creditors for stationery as on Jan. 1, 2012 200 Less: – Stock of stationery as on Dec. 31, 2012 40 Less: – Advance paid for stationery as on Dec. 31, 2012 25 265 Amt. of stationery to be posted in income and Expenditure A/c 2165

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Not-for-Profit Organisations – Meaning and Overview

Also, Check out the same article in Hindi from the following link

Not-for-Profit Organisations – Meaning and Overview

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

Accountancy – Unimax Class 12 Part 1 – 2021 – Solution.

Chapter No. 1 – Accounts of Non-Profit Organisations

Chapter No. 2 – Partnership Accounts – I (Basic Concepts)

Chapter No. 3 – Partnership Accounts – II (Goodwill)

Chapter No. 4 – Partnership Accounts – III (Change in Profit Sharing Ratio among Existing Partners)

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)

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)

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)