Question

14. From the following information of a sports club, calculate the amount of sports material
consumed during the year that would appear in the Income and Expenditure Account for the
year ending 31st March, 2020 :
3
Stock of Sports Material on 1.4.2019
Rs.30,000
Creditors for Sports Material 1.4.2019
Rs.20,000
Stock of Sports Material 31.3.2020 -
Rs.5,000
Creditors for Sports Material 31.3.2020 ·
Rs.12,500
Advances for Sports Material 31.3.2020
Rs.11,000
Credit purchases of Sports Material during the year Rs. 1,38,000
Cash purchases of Sports Material during the year Rs.23,250

Answer 1

Answer:

30000+20000+5000+12500+11000+138000+23250

239750

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