Question

7. What amount of medicines be posted in the Income and Expenditure Account? 2200
Stock of medicines on 1st January, 2015-600
Creditors for medicines on 14 January, 2015-400
Stock of medicines on 31st December, 2015-100
Amount paid for medicines during, 2015-2160
Advance paid for medicines on 31st December, 2015-60
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Answer 1

Answer:

Your answer will be 3060

Explanation:

Please consider Opening less closing will be your consumption.

So 600+2160+400-100 = 3060

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