Question

On the basis of the following information, calculate amount that will appear against the term Stationery Used in the Income and Expenditure Account for the year ended 31st March, 2018:

Answer 1

HEYA MATE YOUR ANSWER IS

calculate amount that will appear against the term Stationery Used in the Income and Expenditure Account for the year ended 31st

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Answer 2

Explanation:

The opening and closing stock of the stationery has to be adjusted with the cash paid for stationery to find the stationery consumed during the year. The opening creditors have to be deducted and closing creditors have to be added. The final figure after calculation is the amount of stationery consumed.