Question

How much amount will be shown in the income and expenditure account in the following case amount paid for stationery purchase during 2018_19 =20000. Creditors for stationery on 31_3-2019=1800 stock of stationary on 31-3-2019=2000

Answer 1

Answer:

Explanation:

                                       Statement of stationery consumed                                

Amount paid for stationery                                20000

Add: opening stock                                                  ---

Less: closing stock                                               2000

Add: creditors at the end                                     1800

Less:  Creditors in the begining                              ---

                                                                                                                                     

                  Amount of stationery be shown       19800

                         in income ans expenditure account