From the following information compute the amount to be debited or created to the income and expenditure account of the following items
1.Printing & stationary material: Rs
Opening stockon 1.1.2009 9,000
Purchase of printing and stationary 15,000
Stock of printing & stationary
on 31.12.2009 6,000
sports materials:
opening stock as on 1.1.2009 4,000
purchase of sport materials during 2009 16,000
stock of sports materials on 31.12.2009 6,000
sales of sports materials scrapped 100
2.Tinned provision :
Stock as on 1.1.2009 6,000
Purchase during the year 30,000
Stock of tinned provisions 45,000
Stock on 31.12.2009 9,000
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Answer:
First of all need the plant & machinery rate
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