Question no 9 Chapter 1 V K Publication class 12
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 | |||||
| Expenditures | Amount | Incomes | Amount | ||
| To Rent | 210 | By Subscriptions | 1,100 | ||
| Add: Outstanding Rent | 80 | By Interest on Investment | 380 | ||
| To Petty Cash Expenses | 100 | By Net proceeds from Lectures | 2,320 | ||
| To Advertisement Expenses | 210 | By Interest on Debentures (Accrued) 10,000 x 4/100 | 400 | ||
| To Printing Expenses | 120 | ||||
| Add: Outstanding Printing Charges | 90 | 210 | |||
| To Surplus, i.e., excess of income over expenditure | 3,390 | ||||
| 4,200 | 4,200 | ||||
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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