From the following information of a charitable dispensary, calculate the amount of medicines consumed during the year that would appear in the Income and Expenditure Account for the year ending 31st March, 2019:
Amount
₹
60,000
40,000
10,000
25,000
22,000
2,76,000
Activate Windows 46,500 to activate Windows.
12:14 PM
7/20/2021
Particulars
Stock of medicines on 1.4.2018
Creditors for medicines 1.4.2018
Stock of medicines 31.3.2019
Creditors for medicines 31.3.2019
Advances for medicines 31.3.2019
Credit purchases of medicines during the year
Cash purchases of medicines during the year
Answers
Answer:
Explanation:
Statement of Medicine consumed
Particulars Amount
Cash purchases of medicine during the year 3,00,000
Add: Opening Stock of medicine 1,00,000
less: Closing stock of medicine 1,50,000
Add: Closing creditors of medicine 1,30,000
less: Opening creditors of medicine 90,000
Amount of medicine consumed during
the year 2018 290,000