Amount paid for Stationery purchased ₹ 45,000 the creditor for stationery in the beginning and end of the year ₹ 4,000 and ₹ 6,500. Cash purchase of stationery is ₹ 15,000. Calculate the amount of Stationery purchased in the current year *
1 point
₹ 47,500
₹ 37,500
₹ 52,500
₹ 62,500
Answers
Answer:
Explanation:
DETAILED CALCULATIONS ALONGWITH ACCOUNT MAINTAINED, IS ATTACHED HEREWITH
Answer:
Calculation of Stationery Consumed Ratio during the year :
Credit Purchases = 1,00,000 ×70100=Rs70,000
Stationery Consumed = Opening Stock + Purchases - Closing Stock
= 17,000 + 70,000 - 32,000 = Rs 55,000
Explanation:
Stationary consumed = Opening balance + stationary purchased during the year - closing balance
= 12000+1,40,000-23000
= 1,29,000.
whilst a partner retires or passes away at any factor before to the give up of the reporting duration, a enterprise creates a earnings and loss suspense account. it's far a temporary account installation for the "Reconstitution of the Partnership firm" to record the expected earnings for the present day economic yr.
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