Question

how is consumable items dealt with in the final accounts of a non profit organisation.​

Answer 1

Answer:

The closing stock of consumable items are shown in the CLOSING BALANCE SHEET. The opening stock of consumable item is shown in the OPENING BALANCE SHEET. Sometimes the amount of credit purchases is not given in the question. ... Any receipts from the sale of consumable items, if any, are accounted as revenue receipts.

Explanation:

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Answer 2

Explanation:

The closing stock of consumable items are shown in the CLOSING BALANCE SHEET. The opening stock of consumable item is shown in the OPENING BALANCE SHEET.

sometimes the amount of credit purchases is not given in the question.

Any receipts from the sale of consumable items,if any ,are accounted aa revenue receipt.