Question

Calculate amount to be posted to the Income and Expenditure Account for the year ended 31st March, 2018:
(i) Amount paid for stationery during the year ended 31st March, 2018 – ₹ 5,400; Stock of Stationery in Hand on 31st March, 2018 – ₹ 250.
(ii) Stock of Stationery in Hand on 1st April, 2017 – ₹ 1,500; Payment made for Stationery during the year ended 31st March, 2018 – ₹ 5,400; Stock of Stationery in Hand on 31st March, 2018 – ₹ 250.
(iii) Stock of Stationery on 1st April, 2017 – ₹ 1,500
Creditors for Stationery on 1st April, 2017 – ₹ 1,000
Amount paid for Stationery during the year – ₹ 5,400
Stock of Stationery on 31st March, 2018 – ₹ 250

Answer 1

HEYA MATE YOUR ANSWER IS

(iii) Stock of Stationery on 1st April, 2017 – ₹ 1,500

Creditors for Stationery on 1st April, 2017 – ₹ 1,000

Amount paid for

HOPE THIS HELPS ❤️

PLEASEMARK AS BRAINLIEST ❤️❤️

Answer 2

Explanation:

In this problem three different scenarios are given for calculating the amount that needs to be posted in the income and expenditure account for the year 2018. The solution differs as each scenario is different.