Question

023) Calculate what amount will be posted to Income & Expenditure A/c for the
year ending 31st March 2015 :
( Stock of stationery on 1st April, 2014 Rs. 7.000
* Creditors for stationery on 1st April, 2014. Rs. 4.000
(i) Advance paid for stationery carried forward on 1st April 2014 Rs. 6,000
(1) Stock of stationery on 31st March, 2015 Rs. 3.000
(v) Creditors for stationery on 31st March, 2015 Rs. 8,000
(V) Advance paid for stationery on 31st March, 2015. Rs. 1,500
(vin) Amount paid for stationery during 2014-15. Rs. 42,000
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Answer 1

Answer: Consumption of stationery

posted to Income & Expenditure A/c is Rs. 54500/-

Explanation: