Accountancy, asked by gyanshisingh123, 2 months ago

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.​

Answers

Answered by amitjain1582
0

Amount paid to. creditors for sports Material. 91,00

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