Question

14 From the following information, calculate the amount to be charged to Income and Expenditure Account for
'Sports material consumed' for the year 2019-20.
Particulars
Amount ()
60000
Stock of Sports material (01-04-2019)
Amount paid to creditors (during 2019-20)
Creditors for Sports Materials (01-04-2019)
Creditors for Sports Materials (31-03-2020)
3,00,000
1,00,000
80000
15000
Sports Material sold During the year (Book Value Rs.35,000)
Cash Purchases of Sports Material (During the Year 2019-20)
There was zero stock at the end of financial year 2019-20.
1,30,000​

Answer 1

Answer:

lot of money

Explanation: