Find out the cost of medicines consumed during 2005-06 from the following information
Details Amount Rs.
Payment for purchases of medicines 3,70,000
Creditors for medicines purchased
on 1.4.2010 25,000
on 31.3.2011 17,000
Stock of medicines
On 1.4.2010 62,000
On 31.3.2011 54,000
Advance to suppliers of medicines
On 1.4.2010 11,500
On 31.3.2011 18,200

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Solution

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Details Amt.(Rs.)
Payment for purchases of medicine
(+) Creditors for medicines Purchases 31.3.2011
(+)Advance for medicines Purchases on 1.04.2010
(-) Creditors for medicines Purchases 31.03.2010
(-) Advance for medicines Purchases on 1.04.2011
Purchase of medicine During the Year 2011
(+) Opening stock of medicine as on 1.4.2010
(-) Closing stock of Medicine as on 31.3.2011
Medicine consumed during the year 2011
3,70,000
17,000
11,500
3,98,500
25,000
18,200
3,55,300
62,000
54,000
3,63,000

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Calculate the amount which will be posted to income and expenditure account for the year ending 31st March, 2012.

$\begin{matrix} (Rs) Opening stock of medicines on 1.4.2011 & 62, 000 Opening creditors of medicines on 1.4.2011 & 25, 000 Amount of advance payment for medicines on 1.4.2011 & 11, 500 Cash purchase of medicines during the year & 3, 70, 000 Closing stock of medicines on 31.3.2012 & 54, 000 Closing creditors of medicines on 31.3.2012 & 17, 000 Amount of advance payment for medicines on 31.3.2012 & 18, 200 \end{matrix}$

Calculate amount of medicine consumed for the year 2012.

Opening Stock of Medicines 10,000 Rs

Opening Creditors of Medicines 9,000 Rs

Cash Purchase of Medicines during the year 30,000 Rs

Closing Stock of Medicines 15,000 Rs

Closing Creditors of Medicines 3,000 Rs

Calculate amount of medicines consumed during the year ended 31st March, 2019:	₹
Opening Stock of Medicines	1,00,000
Opening Creditors for Medicines	90,000
Cash purchases of Medicines during the year	3,00,000
Closing Stock of Medicines	1,50,000
Closing Creditors for Medicines	1,30,000

Q. Calculate amount of medicines consumed during the year ended 31st March, 2018: ₹
Opening Stock of Medicines 1,00,000
Opening Creditors for Medicines 90,000
Cash purchases of Medicines during the year 3,00,000
Closing Stock of Medicines 1,50,000
Closing Creditors for Medicines 1,30,000

Q. On the basis of information given below, calculate the amount of medicines to be debited to the Income and Expenditure Account of Good Health Hospital for the year ended 31st March, 2019:

Particulars	1st April, 2018 (₹)	31st March, 2019 (₹)
Stock of Medicines	1,75,750	1,44,650
Creditors for Medicines	15,06,900	18,20,700

Medicines purchased during the year ended 31st March, 2019 were ₹ 60,80,700.

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Details	Amt.(Rs.)
Payment for purchases of medicine (+) Creditors for medicines Purchases 31.3.2011 (+)Advance for medicines Purchases on 1.04.2010 (-) Creditors for medicines Purchases 31.03.2010 (-) Advance for medicines Purchases on 1.04.2011 Purchase of medicine During the Year 2011 (+) Opening stock of medicine as on 1.4.2010 (-) Closing stock of Medicine as on 31.3.2011 Medicine consumed during the year 2011	3,70,000 17,000 11,500 3,98,500 25,000 18,200 3,55,300 62,000 54,000 3,63,000