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Question no 9 Chapter 1 V K Publication class 12

Question no 9 Chapter 1 V K Publication class 12
Question no 9 Chapter 1 V K Publication class 12

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Question no 9 Chapter 1 V K Publication class 12

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9. The following particulars relate to the Haryana Literary Society for the year ended 31st March, 2018:

Subscriptions received Rs.1,100; Interest received on investments ₹ 380.
Net Proceeds received from lectures ₹ 2,320; Rent paid for the use of Hall ₹ 210.
Petty cash payment ₹ 100; Advertising expenses paid ₹ 210; Printing expenses paid ₹ 120.
The society holds ten 4% Debentures of ₹ 1,000 each. As on 31st March. the society owed ₹ 80 for rent of hall and ₹ 90 for printing. Etc.
Prepare the Literary Society’s Income and Expenditure Account for the year March 2018.

The Solution of Question No 9  Chapter No 01 – V K Publications Class 12

Haryana Literary Society Income and Expenditure Account For the year ended 3 1st March, 2018
ExpendituresAmountIncomesAmount
To Rent 210 By Subscriptions 1,100
Add: Outstanding Rent80 By Interest on Investment 380
To Petty Cash Expenses 100By Net proceeds from Lectures 2,320
To Advertisement Expenses 210By Interest on Debentures (Accrued) 10,000 x 4/100 400
To Printing Expenses120    
Add: Outstanding Printing Charges90210   
To Surplus, i.e., excess of income over expenditure 3,390   
  4,200  4,200

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Not-for-Profit Organisations – Meaning and Overview

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

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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

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Chapter No. 5 – Journal

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

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

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. 13 – Depreciation

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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