Question

From the given information of a
hospital , calculate the amount of medicines consumed during the year 2018 - 19:

Payment for purchase of medicines510000
Creditors for medicines purchased :
On 1.4.2018
34,000
On 31.3.2019
29,000
Stock of Medicines :
On 1.4.2018
86,000
On 31.3.2019
39000
Advance to suppliers of medicines :
On 1.4.2018
26,000
On 31.3.2019
32000​

Answer 1

Answer:

ANSWER

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Details Amt.(Rs.)

Payment for purchases of medicine

(+) Creditors for medicines Purchases 31.3.2011

(+)Advance for medicines Purchases on 1.04.2010

(-) Creditors for medicines Purchases 31.03.2010

(-) Advance for medicines Purchases on 1.04.2011

Purchase of medicine During the Year 2011

(+) Opening stock of medicine as on 1.4.2010

(-) Closing stock of Medicine as on 31.3.2011

Medicine consumed during the year 2011

3,70,000

17,000

11,500

3,98,500

25,000

18,200

3,55,300

62,000

54,000

3,63,000

Answer 2

546000

answer attached