Q21. On the basis of the following information, calculate the amount of stationary to be shown i
n the
income and expenditure account for the year ended 31st March 2020.
stock of stationary on 1st April 2019
stock of stationary on 31st March 2010
amount paid for stationery during the year
creditors for stationary on 31st March 2020
creditors for stationery on 1st April 2019
Rs. 50,000
Rs. 40,000
Rs. 2,00,000
Rs. 10,000
Rs. 20,000
(3)
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Stationary consumed = Opening balance + stationary purchased during the year - closing balance
= 12000+1,40,000-23000
= 1,29,000.
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