Question

Q.2Amount paid for Sports Materials during the year ₹20,000; Stock of Sports Materials at the beginning and end of the year ₹3,300 and ₹2,900 respectively; creditors for Sports Materials at the beginning and end of the year ₹5,000 and ₹4,000 respectively​

Answer 1

Answer:

19,400

Explanation:

Purchased                 20,000

Add. Opening Stock    3,300

                                 23,300

Less. Closing Stock     2,900

                                   20,400

Less. Opening Creditors    5,000

                                     15,400

Add. Closing Creditor       4,000

                                    19,400