Question

0. 54. From the following information, calculate the amount of sports material
that will be debited to the 'Income and Expenditure Account' of Bright Sports Club for
the year ended 31-3-2019.
Ist April 2018 31st March, 2019
Stock of Sports Material
Creditors for Sports Material
Advance paid for Sports Material
1.10,000
25,000
25,000
1,50,000
60,000
70,000
Additional Information:
Cash purchase of sports material during the year was 32,50,000.
31,50,000 were paid to the creditors of sports material. (C.B.S.E. 2020, Punjab)
(Ans. Sports Materials consumed to be shown on the Dr. side of Income &
Expenditure 33,50,000.]​

Answer 1

Answer:

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