Question

Calculate the amount of medicines consumed during the year ended 31stMar 2020 (3)

Particulars Rs.

A Opening Stock of Medicines 50000

B Closing Stock of Medicines 45000 more

than the

opening

stock

C Amount paid for Medicines during the year 200000

D Opening Creditors 20000

E Closing creditors 50% of

opening

creditors ​

Answer 1

Answer:

Medicine consumed :-

amount paid for medicine = 200000

(-) opening creditors = 20000

(+) closing creditors. = 10000

(20000×50%)

purchase of medicine. =. 190000

(+( opening stock. = 50000

(-) closing stock. = 95000

(50000+45000)

medicine consumed. = 145000