Question

Calculate the amount of medicines consumed to be debited to In
Expenditure Account for the year ended 31st March, 2019:
Opening Stock of Medicines:
50,000
Closing Stock of Medicines:
45,000 more than opening
stock
Amount paid for medicines during the year:
2,00.000
Opening Creditors:
20,000
Closing Creditors:
50% of opening creditors​

Answer 1

Answer:

145000

Explanation:

50000+190000-95000 from medicine ac

200000+10000-20000=190000 from creditors ac