Q 1. Calculate the amount of sports material to Income and
Expenditure account of Education Point Dhanbad for the year
ended 31st March, 2021. |4|
Particular `
Sports Material sold during the year (Book Value `50,000) 56,000
Amount paid to creditors for Sports Material 91,000
Cash purchases of Sports Material 40,000
Sports material as on 31.03.2020 50,000
Sports material as on 31.03.2 021 10% more than opening stock
Creditors for sports materials as on 31.03.2020 37,000
Creditors for sports materials as on 31.03.2021 8,000 more than opening creditors.
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Amount paid to. creditors for sports Material. 91,00
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