Question

14.Calculate the amount of medicines to be debited in the Income and Expenditure Account of a
Charitable Hospital from the following information:
Particulars
Stock of Medicines
Creditors for Medicines
1st April, 2018
90,000
2,40,000
31st March, 2019
1,24,000
2,04,000
Amount paid for medicines during the year was Rs. 6,79,000.
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Answer 1

Answer:

answer is 33,000 is the answer bro

Answer 2

Answer:

The medicine to be debited to income and expenditure account is 6,45,000

Explanation:

Statement of Medicine Consumed in the books of charitable                                                        hospital

                          During the year ended 31st March, 2019

Particulars                                                                                            Amount

                                                                                                                   (₹)

Purchase during the year 2018-19                                                  6,79,000

Add: Stock in the beginning (as on April 01, 2018)                           90,000

Less: Stock at the end (as on March 31, 2019)                               (1,24,000)

Medicine to be debited to Income and Expenditure Account   6,45,000   

No separate adjustments for creditors is required.

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