Maharashtra State BoardHSC Commerce 12th Board Exam
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(Calculation of stationery consumed during the year) Liabilities Amt. ₹ Amt. ₹ Assets Amt. ₹ Amt. ₹ Stock of Stationery 400 Dr - Book Keeping and Accountancy

Ledger
(Calculation of stationery consumed during the year)
Liabilities Amt. ₹ Amt. ₹ Assets Amt. ₹ Amt. ₹
      Stock of Stationery   400

 

Dr Receipts and Payments Account for the year ending 31.03.2019 Cr
Receipts Amt. ₹ Amt. ₹ Payments Amt. ₹ Amt. ₹
      By Stationery Purchased   6,300

Adjustments :

1. ₹ 1,000 Outstanding for Stationery bill.

2. Stock of Stationery as on 31.03.2019 was valued at ₹1,800

With the above information, calculate the amount of Stationery consumed during the year and show its presentation in final Accounts of a concern.

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Solution

In the books of _____________

Dr  Income and Expenditure Account for the year ended 31st March, 2019 Cr
Expenditure Amount (₹) Amount (₹) Income Amount (₹) Amount (₹)

To Stationery Consumed during the Year

         
Opening Stock 400        
Add: Stationery Purchased during the Year 6,300        
Add: Credit Purchase of Stationery (Outstanding bill) 1,000        
  7700        
Less: Closing Stock of Stationery 1800 5,900      
  Is there an error in this question or solution?
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Balbharati Book-keeping and Accountancy 12th Standard HSC Maharashtra State Board
Chapter 2 Accounts of ‘Not for Profit’ Concerns
Practical Problems | Q 1 | Page 114
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