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Question no 10 Chapter 1 V K Publication class 12
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10. From the following Receipts and Payments Account, prepare an Income and Expend Account as on March 31, 2018
| Receipts | ₹ | Payments | ₹ |
| To Balance b/d | 1,800 | By Salaries | 36,000 |
| To Subscriptions | 9,000 | By Rent | 36,000 |
| To Sale of Investments | 2,000 | By Stationery | 24,000 |
| To Sale of old furniture (Book Value ₹ 400) | 300 | By Defense bonds | 20,000 |
| To General Donations | 100 | By Furniture purchased | 1,00,000 |
| By Bicycle purchased | 2,000 | ||
| 13,200 | 13,200 |
You are required to prepare Income and Expenditure Account for the year ended 31st March, 2018.
The Solution of Question No 10 Chapter No 01 – V K Publications Class 12
| Income and Expenditure Account For the year ended 3 1st March, 2018 | |||||
| Expenditures | Amount | incomes | Amount | ||
| To Rent | 4,800 | By Subscriptions | 9,000 | ||
| To Stationery | 200 | By General Donations | 100 | ||
| To Loss on Sale of old Furniture (400-300) | 500 | ||||
| To Surplus, i.e., Excess of Income over Expenditure | 3,500 | ||||
| 9,100 | 9,100 | ||||
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Also, Check out the solved question of all Chapters: –
Advanced Accountancy – Unimax Class 11 – 2021 – Solution.
Part-I
- Chapter No. 1 – Introduction of Accounting
- Chapter No. 2 – Theory Base of Accounting
- Chapter No. 3 – Vouchers and Transactions
- Chapter No. 4 – Journal
- Chapter No. 5 – Goods and Services Tax (GST): An Introduction
- Chapter No. 6 – Ledger
- Chapter No. 7 – Special Purpose Book – Cash Book
- Chapter No. 8 – Other Subsidiary Books
- Chapter No. 9 – Trial Balance
- Chapter No. 10 – Rectification of Errors
- Chapter No. 11 – Depreciation
- Chapter No. 12 – Provision and Reserves
- Chapter No. 13 – Bank Reconciliation Statement
- Chapter No. 14 – Bills of Exchange
Students may choose only one part from the Part II and Part III
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Part-II
- Chapter No. 15 – Financial Statements (Without Adjustments)
- Chapter No. 16 – Financial Statements (With Adjustments)
- Chapter No. 17 – Accounts from Incomplete Records – Single Entry System
Part-III
- Chapter No. 18 – Introduction to Computers and Accounting information System
- Chapter No. 19 – Computerised Accounting
- Chapter No. 20 – Accounting Software: Tally
- Chapter No. 21 – Data Base System
- Chapter No. 22 – Concept of Entity and Relationship
Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Origin of Transactions
Chapter No. 4 – Vouchers and transactions
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Chapter No. 6 – Accounting for Goods and Services Tax(GST)
Chapter No. 9 – Other Subsidiary Books
Chapter No. 10 – Journal Proper
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Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
Chapter No. 14 – Provisions and Reserves
Chapter No. 15 – Bills of Exchange
Chapter No. 16 – Rectification of Errors
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Chapter No. 17 – Financial Statements – (Without Adjustments)
Chapter No. 18 – Financial Statements – (With Adjustments)
Check out V. K. Publication Class 12 @ Oficial Website of V. K. Publication
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