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प्रश्न
How will the following appear in the final accounts of Marthandam Women Cultural Association?
| Particulars | ₹ |
| Stock of sports materials on 1.4.2018 | 16,000 |
| Sports materials purchased during the year | 84,000 |
| Stock of sports materials on 31.3.2019 | 10,000 |
उत्तर
| Dr. | Income and Expenditure Account for the year ended 31.03.19 | Cr. | |||
| Expenses | ₹ | ₹ | Income | ₹ | ₹ |
| Sports material purchases | 84,000 | ||||
| (+) Opening Stock | 16,000 | ||||
| 1,00,000 | |||||
| (−) Closing stock | 10,000 | 90,000 | |||
Balance Sheet as on 31.03.19
| Liabilities | ₹ | Assets | ₹ |
| Closing Sports materials | 10,000 |
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संबंधित प्रश्न
Excess of Income over Expenditure is termed as ___________.
Expenditure on Purchase of Building is a ________ Expenditure.
Income and Expenditure Account is similar to the _____ account of Trading Concern.
Salary ₹ 10,000, outstanding salary ₹ 5,000. Calculate the salary to be debited to Income and Expenditure Account.
Compute income from the subscription for the year 2018 from the following particulars relating to a club.
| Particulars | 1.1.2018 ₹ |
31.12.2018 ₹ |
| Outstanding subscription | 3,000 | 5,000 |
| Subscription received in advance | 4,000 | 7,000 |
Subscription received during the year 2018: ₹ 45,000.
How will the following appear in the final accounts of Vedaranyam Sports club?
| Particulars | ₹ |
| Opening stock of bats and balls | 3,000 |
| Purchase of bats and balls during the year | 17,000 |
| Sale of old bats and balls | 2,000 |
| Closing stock of bats and balls | 4,000 |
Complete the following table:
Salaries paid during the year
| Total (₹) |
Prepaid/ Outstanding |
(₹) | Expenditure for the year |
| ? | Outstanding | 600 | 5,100 |
Mumbai University prepares ______ Account instead of a Profit and Loss account.
Excess of expenditure over income is termed as ______.
Find the odd one:
