Question

On the basis of the information given below, show the amount of stationery consumed in the Income & Expenditure Statement of Good Health Sports Club for the year ended 31.3.2020: PARTICULARS 1.4.2019 ( in Rs.) 31.3.2020 (In Rs.) Stock of stationery 8000 6000 Creditors for stationery 9000 11000 Stationery purchased during the year ended 31.3.2020 was Rs. 47000​

Answer 1

Given data:

• Opening stock = Rs 8,000
• Closing stock = Rs 6,000
• Opening creditors = Rs 9,000
• Closing creditors = Rs 11,000
• Purchases made during the year = Rs 47,000

To find: The amount of stationery consumed.

Answer:

The find the stationery consumed, the formula below is to be used.

Amount of consumed item = Opening stock + Purchases made - Closing stock

Since purchases were made during the year, the creditors will not be considered.

Amount of stationery consumed = Rs 8,000 + Rs 47,000 - Rs 6,000

Amount of stationery consumed = Rs 49,000

Therefore, the amount of stationery consumed to be shown in the Income and Expenditure Statement of Good Health Sports Club for the year ended 31st March, 2020 is Rs 49,000.

$\begin{array}{|c|c|c|c|}\cline{1-4}\bf Expenditure & \bf Rs & \bf Income & \bf Rs\\\cline{1-4}\sf Amount\ paid\ for\ item & xx & &\\ Add: \sf Op ening\ stock & xx & &\\ Less: \sf Closing\ stock & xx & &\\ Add: \sf Closing\ creditors & xx & &\\ Less: \sf Ope ning\ creditors & xx & &\\ Add: \sf Advance\ at\ the\ beginning & xx & &\\ Less: \sf Advance\ at\ the\ end & xx & &\\\cline{1-4} & \bf xx & & \\\cline{1-4}\end{array}$

If all the items are mentioned, there isn't a need to consider the advances and creditors. But if the amount paid is given, you'll need to consider all the items in the extract.

Answer 2

Explanation:

chemical reaction in which an acid and a base interact with the formation of a salt; with strong acids and bases the essential reaction is the combination of hydrogen ions with hydroxyl ions to form water. synonyms: neutralisation reaction, neutralization, neutralization reaction.