Q 1 Calculate the amount *
1 point
From the following information of a charitable dispensary, calculate the
amount of medicines consumed during the year that would appear in the
Income and Expenditure Account for the year ending 31st March, 2019
Particulars
Amount
Stock of medicines on 1.4.2018
60.000
Creditors for medicines 1 4 2018
40.000
Stock of medicines 31 32019
10.000
Creditors for medicines 31 32019
25.000
Advances for medicines 31.3.2019
22.000
Credit purchases of medicines dunng the year
276 000
Cash purchases of medicines during the year
46 500
0 3,72,500
O 3,35,500
0 4,09,500
O None of the Above
Q2 Meera, Myra and Neera were
partners sharing profits in the ratio of
1 point
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