Question

Q. 54. From the following information, calculate the amount of sports material
that will be debited to the Income and Expenditure Account of Bright Sports Club for
the year ended 31-3-2019
1st April 2018 31st March, 2079
Stock of Sports Material
1.10.000
1.50,000
Creditors for Sports Material
25.000
60,000
Advance paid for Sports Material 25,000
70.000
Additional information:
Cash purchase of sports material during the year was 2.50,000
*1.50,000 were paid to the creditors of sports material. (CBSE 2020, Punjab)
Ans. Sports Materials consumed to be shown on the Dr. side of Income &
Expenditure 33,50,000.)​

Answer 1

Answer:

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