Question

Q.5Calculate the Amount of Stationery to be shown in Income and Expenditure A/c for the tear ended 31st March 2014 :Stock of Stationery as on 1-4-2013 ₹50,000Stock of Stationery on 31-3-2014 ₹40,000Amount paid for Stationery during the year ₹2,00,000Creditors for Stationery on 1-4-2013 ₹20,000Creditors for Stationery on 31-3-2014 ₹10,000​

Answer 1

Answer:

2,00,00

Explanation:

Payment During the Year      2,00,000

Add. Opening Stock                50,000

                                                 2,50,000

Less. Closing Stock                40,000

                                                 2,10,000

Less. Opening Creditors          20,000

                                                  1,90,500  

Add. Closing Creditors            10,000

                                                  2,00,00

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