Exercise - 2 | Q 1 | Page 113 Complete the Table

Balbharati solutions for Book-keeping and Accountancy 12th Standard Hsc Maharashtra State Board Chapter 2 Accounts of ‘Not for Profit’ Concerns Exercise - 2 [Pages 113 - 114]

Exercise - 2 | Q 1 | Page 113

Complete the Table:

Sr. No.	Income (₹)	Expenditure (₹)	Surplus/Deficit (₹)
1.	10,000	___________ ?	5,000 (Deficit)
2.	8,000	___________ ?	4,000 (Surplus)
3.	___________ ?	15,000	8,000 (Surplus)
4.	7,500	9,000	___________ ?
5.	15,000	11,300	___________ ?

Solution 

Sr. No.	Income ₹	Expenditure ₹	Surplus/Deficit ₹
1	10,000	15,000	5,000 (Deficit)
2	8,000	4,000	4,000 (Surplus)
3	23,000	15,000	8,000 (Surplus)
4	7,500	9,000	1,500 (Deficit)
5	15,000	11,300	3,700 (Surplus)

Exercise - 2 | Q 1 | Page 113 Complete the Table: Salaries paid during the year

Balbharati solutions for Book-keeping and Accountancy 12th Standard Hsc Maharashtra State Board Chapter 2 Accounts of ‘Not for Profit’ Concerns Exercise - 2 [Pages 113 - 114]

Exercise - 2 | Q 1 | Page 113

Complete the Table:

Salaries paid during the year

Sr. No	Total ₹	Prepaid/Outstanding	₹	Expenditure for the year
1	1,100	Prepaid	100	_____ ?
2	2,700	Prepaid	_____ ?	2,000
3	8,250	Prepaid	_____ ?	6,650
4	1,200	Outstanding	200	_____ ?
5	_____ ?	Outstanding	600	5,100
6	1,800	Outstanding	_____ ?	2,200

Solution

Salaries paid during the Year

Sr. No.	Total ₹	Prepaid/Outstanding	₹	Expenditure for the year
1	1,100	Prepaid	100	1,000
2	2,700	Prepaid	700	2,000
3	8,250	Prepaid	1,600	6,650
4	1,200	Outstanding	200	1,400
5	4,500	Outstanding	600	5,100
6	1,800	Outstanding	400	2,200

Exercise - 2 | Q 1 | Page 113 Complete the Table: Rent received during the year

Balbharati solutions for Book-keeping and Accountancy 12th Standard Hsc Maharashtra State Board Chapter 2 Accounts of ‘Not for Profit’ Concerns Exercise - 2 [Pages 113 - 114]

Exercise - 2 | Q 1 | Page 113

Complete the Table:

Rent received during the year

Sr.No	Total Received ₹	Rent received in Advance/Accrued	₹	Income for the year ₹
1	1,300	Received in Advance	200	_____ ?
2	_____ ?	Received in Advance	400	1,400
3	2,650	Received in Advance	_____ ?	2,000
4	_____ ?	Accrued	290	3,190
5	1,700	Accrued	_____ ?	2,150
6	2,600	Accrued	500	_____ ?

Solution

Rent received during the year

Sr.No	Total Received ₹	Rent received in Advance/Accrued	₹	Income for the year ₹
1	1,300	Received in Advance	200	1,100
2	1,800	Received in Advance	400	1,400
3	2,650	Received in Advance	650	2,000
4	2,900	Accrued	290	3,190
5	1,700	Accrued	500	2,150
6	2,600	Accrued	500	3100