Question

1.81
Q. 22. On the basis of the information given below calculate the amount of Sports
Materials to be debited to the “Income and Expenditure Account of Durga Sports Club
for the year ended 31-3-2019:
April 1, 2018 March 31, 2019
₹
₹
Stock of Sports Materials
87,000
1,07,000
Creditors for Sports Materials 2,39,000
3,41,000
Sports Materials purchased during the year ended 31-3-2019 were *4,94,000.
(C.B.S.E. 2019)
[Ans. Sports Materials Consumed 34,74,000.)
Hint : Creditors for Sports Materials will be ignored.​

Answer 1

Answer:

Income and expenditure account

expenditure. amt. income. amt

sport material

consumed:-

opening stock 87000

(+) purchase 494000

(-) closing stock 107000

balance. 474000

474000 shown on debit side of income and expenditure account

Answer 2

Answer :

Cost of material consumed = 474000