Question

Compute the amount of Sport material debited to Income and Expenditure A/c for
the year ended 31-3-2019.

Particulars
Stock of sport material
Creditors for sports Material
1-4-2018 (*)
7,000
2,000
31-3-2019
9,000
3,000
​

Answer 1

Answer:

Amount Paid for sports material during the year 2011-12

(+) Creditors for sports material Purchases 31.03.2012

(-) Creditors for medicines Purchases 1.04.2011

(-) Advance Paid for sports material on 31.03.2012

(+) Opening stock of sports material as on 1.4.2011

(-) Closing stock om Medicine as on 31.03.2012

Amount of sports material consumed during the year to be

posted to income and expenditure account 17,000

1,200

18,200

2,000

3,500

12,700

7,500

20,200

6,200

14,000