Question

Calculate amount to be posted to the Income and Expenditure Account for the year ended 31st March, 2018:
(i) Amount paid for stationery during the year ended 31st March , 2018 $—$₹5,400; Stock of Stationery in Hand on 31st March, 2018 $—$₹250.
(ii) Stock of Stationery in Hand on 1st April, 2017$—$₹ 1,500; Payment made for Stationery during the year ended 31st March, 2018$—$₹5,400; Stock of Stationery in Hand on 31st March, 2018$—$₹250.
₹
(iii) Stock of Stationery on 1st April, 2017 1,500
Creditors for Stationery on 1st April, 2017 1,000
Amount paid for Stationery during the year 5,400
Stock of Stationery on 31st March, 2018 250

Answer 1

(a)

Statement of Stationery Consumed at the end of March 31, 2018
Particulars	Amount (Rs)
Amount paid for Stationery during the year ended 31st March, 2018	5,400
Less: Closing Stock (as on March 31, 2018)	250
Amount of Stationery to be posted to Income and Expenditure Account	5,150

(b)

Statement of Stationery Consumed at the end of March 31, 2018
Particulars	Amount (Rs)
Payment made for Stationery during the year ended 31st March, 2018	5,400
Add: Opening Stock (as on April 01, 2017)	1,500
Less: Closing stock (as on March 31, 2018)	250
Amount of Stationery to be posted to Income and Expenditure Account	6,650

(c)

Statement of Stationery Consumed at the end of March 31, 2018
Particulars	Amount (Rs)
Amount paid for Stationery during the year ended 31st March, 2018	5,400
Add: Opening Stock (as on April 01, 2017)	1,500
Less: Closing stock (as on March 31, 2018)	250
Less: Creditors for Stationery in the beginning (April 01, 2017)	1,000
Amount of Stationery to be posted to Income and Expenditure Account	5,650