Question

Calculate the amount of stationery to be posted to Income and Expenditure Account of
Indian Cultural Society for the year ending 31st March, 2018 from the following
information :
Particulars 1.4.2017 (Rs.) 31.3.2018 (Rs.)
Stock of stationery 21,000 18,000
Creditors for stationery 11,000 23,000
Stationery purchased during the year ended 31st March 2018 was Rs.75,000. Also,
present the relevant items in the Balance Sheet of the society as at 31st March 2018.

Answer 1

Answer:

90,000

Explanation:

75,000 + 12,000 + 3,000

Stationery Purchased + Change in Creditors + Change in Stock