1,30,000
27. Calculate amount to be posted to the income and Expenditure Account for the year ended 31st March, 2020:
(1) Amount paid for stationery during the year ended 31st March, 2020—35,400; Stock of Stationery in
Hand on 31st March, 2020-250.
(11) Stock of Stationery in Hand on 1st April, 2019–1,500; Payment made for Stationery during the year
ended 31st March, 2020—25,400; Stock of Stationery in Hand on 31st March, 2020—250.
Answers
Answer:
1->35150 ; 2->26650...
Explanation:
mm .. so .... formula for this is ( opening stock +purchase - closing stock) then whatever the result will come .. if it is surplus/deficit it will be accounted in I&E a/c .. so [stock of 2019 +( amount paid + closing credit 2020 - opening credit 2019) + stock of 2020] then the answer will be written according to surplus/deficit in the I&E a/c
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if the credit is not given then amount paid is the only purchase.. so adjust accordingly.. or just comment the correct values.. ill reply
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wait so lemme try it
1 )
purchase =35,400
closing stock =250
so no opening stock is given
so opening stock would be the purchase only
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35,400- 250= 35,150 (ye jayega in i&e a/c)
11)opening stock= 1,500
purchase =25,400
closing stock= 250
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1500
25400
(250)
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26,650
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do check and tell me ...... pretty please