On the basis of the information given below calculate the amount of Sports Materials to be debited to the Income and Expenditure Account of Durga Spons Club
for the year ended 31-3-2019:
April 1, 2018
Stock of Sports Materials Creditors for Sports Materials 2,39,900
87,900
March 31, 2019
1,07,000
3.41.000
Sports Materials purchased during the year ended 31-3-2019 were 24,94,000.
(CBSE 2019
(Ans. Sports Materials Consumed 24,74,500. Hint: Creditors for Sports Materials will be ignored.
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Answer:
Cost of material consumed = 474000
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