How will you deal with the following case while preparing in final account of a non profit organisation opening stock 600 rs.
closing stock 100 rs.
opening creditors 400 rs.
closing creditors 260 rs.
opening advance 40 rs.
closing advance 60 rs.
amount paig for stationary during 2018-19 was rs 2160
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Answer:
(
R
s
)
(
R
s
)
Amount paid for stationery during 2012
2
,
160
Add: Opening Stock of Stationery Closing
600
Creditor for Stationery Opening
260
Advance paid for Stationery
40
–––––––
900
––––––––
3
,
060
Less:Closing Stock of Stationery
100
Opeining Creditor for Stationery
400
Closing Advance paid for Stationary
60
–––––––
560
––––––––
Amount to be shown in Income \& Expenditure A/c
2
,
500
Explanation:
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