Question

From the following information, calculate the amount of stationery to be shown in Income
and Expenditure A/c for the year ended 31st March, 2019.
(a) Stock of stationery on 01.04.2018
Rs.50.000
(b) Stock of stationery on 31.03.2019
Rs.40.000
(c) Amount paid for stationery during the year
Rs.2,00,000
(d) Creditors for stationery on 01.04.2018
Rs.20,000
(e) Creditors for stationery on 31.03.2019
Rs. 10,000​

Answer 1

Explanation:

From the following information, calculate the amount of stationery to be shown in Income

and Expenditure A/c for the year ended 31st March, 2019.

(a) Stock of stationery on 01.04.2018

Rs.50.000

(b) Stock of stationery on 31.03.2019

Rs.40.000

(c) Amount paid for stationery during the year

Rs.2,00,000

(d) Creditors for stationery on 01.04.2018

Rs.20,000

(e) Creditors for stationery on 31.03.2019

Rs. 10,000