Question no 11 Chapter 1 V K Publication class 12

Posted by By Kuljeet Singh 6 Min Read April 10, 2023
Question no 11 Chapter 1 V K Publication class12
Question no 11 Chapter 1 V K Publication class12

Question no 11 Chapter 1 V K Publication class 12

11. From the following Receipts and Payments Account, prepare the Income and Expenditure Account on 31st March, 2018:

Receipts ₹ Payments ₹
To Balance b/d (1st April, 2017)   By Salaries 3,500
Cash 550 By Rent and Rates 1,200
Bank 2,800 By Printing and Stationery 100
To Subscriptions including 200 for 2016-17 and 150 for 2018-19) 5,900 By Postage and Stamps 220
To Government Grants 850 By Steel Almirahs 350
To Sale of furniture (costing 600) 600 By Defense Bonds 1,000
To Sale of old newspapers 40 By Cash Balance (31st March, 2018) 2,500
To Entrance fees 100 By Bank Balance (31st March, 2018) 2,970
To Life membership fees 1,000    
       
  11,840   11,840

The Solution of Question No 11 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 Salaries   3,500 By Subscriptions 5,900  
To Rent and Rates   1,200 Less: For 2016-17 200  
To Printing and Stationery   100 2018-19 150 5,550
To Postage and Stamps   200 By Sale of old newspaper   40
To Surplus, i.e., Excess of Income over Expenditure   1,520 By Entrance fees   100
      By Government Grants   850
    6,540     6,540

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Not-for-Profit Organisations – Meaning and Overview

What is Receipt and Payment account – format in Excel & PDF

What is Incomes and Expenditures Account – format in Excel & PDF

What is subscription in NPO – Treatments and Examples:

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

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

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. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

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Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

Chapter No. 14 – Provisions and Reserves 

Chapter No. 15 – Bills of Exchange

Chapter No. 16 – Rectification of Errors 

Chapter No. 17 – Financial Statements – (Without Adjustments)

Chapter No. 18 – Financial Statements – (With Adjustments)

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Check out V.  K. Publication Class 12 @ Oficial Website of V. K. Publication

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