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### Practical Problems | Q 1 | Page 114 Calculation of stationery consumed during the year Chapter 2: Accounts of ‘Not for Profit’ Concerns

Chapter 2: Accounts of ‘Not for Profit’ Concerns

Balbharati Solutions for Book-keeping and Accountancy 12th Standard Hsc Maharashtra State Board.

Practical Problems | Q 1 | Page 114

(Calculation of stationery consumed during the year)

 Liabilities Amt. ₹ Amt. ₹ Assets Amt. ₹ Amt. ₹ Stock of Stationery 400

Receipts and Payments Account for the year ending 31.03.2019

 Receipts Amt. ₹ Amt. ₹ Payments Amt. ₹ Amt. ₹ By Stationery Purchased 6,300

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.

Solution:

In the books of _____________

Income and Expenditure Account for the year ended 31st March, 2019

 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

Book-keeping and Accountancy 12th Standard

HSC Maharashtra State Board. Latest Syllabus.

Chapter 1: Introduction to Partnership and Partnership Final Accounts

Chapter 2: Accounts of ‘Not for Profit’ Concerns

Chapter 3: Reconstitution of Partnership (Admission of Partner)

Chapter 4: Reconstitution of Partnership (Retirement of Partner)

Chapter 5: Reconstitution of Partnership (Death of Partner)

Chapter 6: Dissolution of Partnership Firm

Chapter 7: Bills of Exchange

Chapter 8: Company Accounts - Issue of Shares

Chapter 9: Analysis of Financial Statements

Chapter 10: Computer In Accounting

ACCOUNTS BOARD PAPERS

HSC Accounts March 2020 Board Paper With Solution

ACCOUNTANCY PAPER PATTERN

SINGLE ENTRY

FINAL ACCOUNT

NPO

BILL OF EXCHANGE

BILL OF EXCHANGE [FORMAT].

RETIREMENT OF PARTNER

DEATH OF PARTNER

ACCOUNTING FOR SHARES

DISSOLUTION OF PARTNERSHIP FIRM

VALUATION OF GOODWILL WITH SOLUTION

FORMAT OF FINAL ACCOUNT

INTRODUCTION TO PARTNERSHIP

ACCOUNTS BOARD PAPERS WITH SOLUTION

IMPORTANT PRACTICE PAPER FOR BOARD EXAM 2020

ACCOUNTS SAMPLE PAPER ONE

ACCOUNTS SAMPLE PAPER TWO

ACCOUNTS SAMPLE PAPER THREE

OBJECTIVE QUESTIONS