5. Calculate the amount of stationery to be posted to Income and Expenditure account of
Indian Cultural Society for the year ending 31st March,2020 from the following information:
Particulars 1.4.2019 31.3.2020
Stock of stationery
Creditors for stationery
21,000
11,000
18,000
23,000
Stationery purchased during the year ended 31st March, 2020 was 75,000. Also, present the
relevant items in the Balance Sheet of the society as at 31st March 2020
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Explanation:
Find the amount of stationery to be shown in Income and Expenditure Account of
Rama Krishna Society:
(3)
Particular
Creditor for Stationery
Stock of Stationary
2019
7,500
35,000
2020
30,000
1,00,000
Payment made to creditors during the year Rs.1,50,000. Stationery purchased in cash
during the year was 25% of the total purchase of stationery.
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