Question

Calculate the value of stationaries to be debited to income and expenditure
account from the following information:
Opening stock of stationaries Rs 12,000
Payment made for stationery during the year Rs 30,000
Creditors for stationaries at the beginning of the year Rs 4,000
Creditors for stationaries at the end of the year Rs 7,500
Advance for stationery paid at the end of the year Rs 3,000
Closing stock of stationaries Rs 8,000

Answer 1

Answer:

amount shown in expenditure side as:

payment made for stationary = 30000

(+) creditors at the end of year = 7500

(-) creditors at the beginning. = 4000

stationary purchased = 33500

(+) opening stock of stationary = 12000

(-) closing stock of stationary = 8000

Stationary consumed during

the year. =37500