Double Entry Book Keeping - Ts Grewal Volume-I 2021-2022
Solutions for Class 12 Commerce Accountancy Chapter 1 - Financial Statements Of Not For Profit Organisations
Page No 1.65:
Question No.26:
On the basis of information given below, calculate the amount of medicines to be debited to the Income and Expenditure Account of Good Health Hospital for the year ended 31st March, 2021:
Medicines purchased during the year ended 31st March, 2021 were ` 60,80,700.
Answer:
Statement of Medicine Consumed
during the year ended 31st March, 2021
Page No 1.65:
Question No.27:
Calculate amount to be posted to the Income and Expenditure Account for the year ended 31st March, 2021:
(i) Amount paid for stationery during the year ended 31st March, 2021- `5,400; Stock of Stationery in Hand on 31st March, 2021- `250.
(ii) Stock of Stationery in Hand on 1st April, 2020- `1,500; Payment made for Stationery during the year ended 31st March, 2021- `5,400; Stock of Stationery in Hand on 31st March, 2021- `250.
(iii) Stock of Stationery on 1st April, 2020 `1,500
Creditors for Stationery on 1st April, 2020 `1,000
Amount paid for Stationery during the year `5,400
Stock of Stationery on 31st March, 2021 `250
Answer:
(i)
(ii)
(iii)
Page No 1.66:
Question No.28:
From the following information, calculate the amount of sports material to be debited to 'Income and Expenditure Account' of a sports club for the year ending 31st March, 2019:
Stock of Sports Material on 1st April, 2018 10,000
Stock of Sports Material on 31st March, 2019 7,500
Creditors for Sports Material on 1st April, 2018 20,000
Creditors for Sports Material on 31st March, 2019 22,500
Payment made to creditors of Sports Material during the year ending 31st March, 2019 1,00,000
(CBSE 2020)
Answer:
Creditors for Sports Materials
Stock of Sports Materials
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Question No.29:
Calculate the amount of sports material to be transferred to income and Expenditure Account of Raman Bhalla Sports Club, Ludhiana, for the year ended 31st March, 2019:
Answer:
Calculation of Amount of Sports Material Consumed to be debited to Income & Expenditure A/c
Page No 1.66:
Question No.30:
From the following information of a charitable dispensary, calculate the amount or medicines consumed during the year that would appear in the Income and Expenditure Account for the year ending 31st March, 2019:
Answer:
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