Question no 13 Chapter 1 V K Publication class 12
13. From the following particulars extracted from the records of Lovely Ladies Club, prepare an Income and Expenditure Account for the year ended 31st March, 2018:
| Particulars | ₹ |
| Salaries paid | 5,000 |
| Lighting and Heating | 500 |
| Printing and Stationery (including 50 paid for last year) | 350 |
| Subscription received | 4,000 |
| (including ₹ 200 received in advance, and ₹ 500 for last year) | |
| Net Proceeds of Refreshment Room | 4,500 |
| Visitor’s Fees | 1,400 |
| Miscellaneous Expenses | 200 |
| Loan Interest | 600 |
| Rent and Rates (including ₹ 100 prepaid) | 750 |
| Lockers Rent received 450 | 450 |
Subscriptions in arrears at March 31, 2018 were ₹ 800. due at March 31, 2018 were Rent ₹ 400, Salaries ₹ 120.
The Solution of Question No 13 Chapter No 01 – V K Publications Class 12
| Lovely Ladies Club Income and Expenditure Account For the year ended 3 1st March 2018 | |||||
| Expenditures | Amount | incomes | Amount | ||
| To Salaries Paid | 5,000 | By Subscriptions | 4,000 | ||
| Add: Outstanding | 120 | 5,120 | Add: Outstanding at the end | 800 | |
| To Lighting and heating | 500 | Less: Subscriptions received in advance | 200 | ||
| To Printing and Stationery | 350 | Less: Outstanding Subscriptions in the beginning | 500 | 4,100 | |
| Less: Outstanding in the beginning | 50 | 300 | By Lockers rent received | 450 | |
| To Miscellaneous expenses | 200 | By Net proceeds of refreshment room | 4,500 | ||
| To Loan Interest | 600 | By Visitor’s fees | 1,400 | ||
| To Rent and Rates | 750 | ||||
| Less: Prepaid | 100 | ||||
| Add: Outstanding | 400 | 1,050 | |||
| To Surplus, i.e., Excess of Income over Expenditure | 2,680 | ||||
| 10,450 | 10,450 | ||||
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Also, Check out the solved question of all Chapters: –
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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
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
Chapter No. 6 – Accounting for Goods and Services Tax(GST)
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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. 14 – Provisions and Reserves
Chapter No. 15 – Bills of Exchange
Chapter No. 16 – Rectification of Errors
Chapter No. 17 – Financial Statements – (Without Adjustments)
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Chapter No. 18 – Financial Statements – (With Adjustments)
Check out V. K. Publication Class 12 @ Oficial Website of V. K. Publication