Question

From the following information, calculate the amount of sports material
that will be debited to Income and Expenditure Account of Sharda Club
for the year ended 31-03-2019.
Particulars

31-3-2019
1-4-2018
Stock of Sports material
2,00,000
2,50,000
Creditors for sports material 3,50,000 2,90,000
Advance paid for sports material
70,000 1,10,000
Additional Information:
Cash purchase of sports material during the year was 1,79,000.
* 2,40,000 were paid to the creditors of sports material during the year.​

Answer 1

Answer:

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