Std 12 Account Unit Test December 2021 Paper Solution

Unit Test Paper-4

Discussion OF Unit Test Paper - 4

Discussion OF Unit Test Paper - 1

Discussion OF Unit Test Paper - 3

Discussion OF Unit Test Paper - 2

Discussion OF Unit Test Paper -4

Following is the Receipt and Payment Account of Indian Sports Club, prepared Income and Expenditure Account, Balance Sheet as on December 31, 2015: Receipt and Payment Account for the year ending December 31, 2017 Other Information: Subscription outstanding was on December 31, 2016 Rs.1,200 and Rs.3,200 on December 31, 2017. Locker rent outstanding on December 31, 2017 Rs.250. Salary outstanding on December 31, 2017 Rs.1,000. On January 1, 2017, club has Building Rs.36,000, furniture Rs.12,000, Sports equipments Rs.17,500. Depreciation charged on these items @ 10% (including Purchase).