Question

14 Calculate the amount of sports material to be debited to the income
and expenditure account of Capital Sports Club for the year ended 31st
March 2019 on the basis of the following information:
2
April1,2018
March 31,2019
Stock of sports material
Rs. 7,500
Rs. 6,400
Creditors for sports material
Rs. 2,000
Rs. 2,600
Amount paid for sports material during the year
Rs. 19,000​

Answer 1

Answer:

income =revenue -expense

=(19000+2000+2600)-(7400+6400)

,=(23600)-(13800)

=9800

Explanation:

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