CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
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

Open in App
Solution

(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


flag
Suggest Corrections
thumbs-up
4
similar_icon
Similar questions
View More
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Prices Related to Buying and Selling
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon