From the following information, calculate the amount to be charged to Income and Expenditure Account for
'Sports material consumed' for the year 2019-20.
Particulars Amount (`)
Stock of Sports material (01-04-2019) 60000
Amount paid to creditors (during 2019-20) 3,00,000
Creditors for Sports Materials (01-04-2019) 1,00,000
Creditors for Sports Materials (31-03-2020) 80000
Sports Material sold During the year (Book Value Rs.35,000) 15000
Cash Purchases of Sports Material (During the Year 2019-20) 1,30,000
There was zero stock at the end of financial year 2019-20.
Answers
Answered by
0
Answer:
From the following information, calculate the amount to be charged to Income and Expenditure Account for
'Sports material consumed' for the year 2019-20.
Particulars Amount (`)
Stock of Sports material (01-04-2019) 60000
Amount paid to creditors (during 2019-20) 3,00,000
Creditors for Sports Materials (01-04-2019) 1,00,000
Creditors for Sports Materials (31-03-2020) 80000
Sports Material sold During the year (Book Value Rs.35,000) 15000
Cash Purchases of Sports Material (During the Year 2019-20) 1,30,000
There was zero stock at the end of financial year 2019-20.
Similar questions