Question

21. Calculate what amount will be posted to Income and Expenditure Account for
the year ending 31st March, 2016:
Amount paid for stationery during the year ₹10,000; stock of stationery in
hand at the beginning and end of the year 1,200 and 1,500 respectively.
If u know then answer other wise will be reported ​

Answer 1

Answer:

stationery at beg. + amount paid for stationery - stationery at end = 1200+ 10000-1500= 9700

Explanation:

ie consumable stationery will appear in Dr side ..that means expenditure side of income and expenditure account .

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