From the following information, calculate the amount that will be shown against Stationery Account in Income and Expenditure Account for the year ended 31st March, 2018.

$\begin{matrix} Particulars & 01 - 04 - 2017 & 31 - 03 - 2018 Creditors for Stationery & 5, 000 & 12, 000 Stock of Stationery & 17, 000 & 32, 000 \end{matrix}$

During the year ended 31st March, 2018, payment made to creditors amounted to Rs 60,000. Stationery purchased during the year was Rs 1,00,000 (out of which 30 $%$ is cash purchases).

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Solution

Calculation of Stationery Consumed during the year :

Credit Purchases = 1,00,000 $\times \frac{70}{100} = R s 70, 000$

Stationery Consumed = Opening Stock + Purchases - Closing Stock

= 17,000 + 70,000 - 32,000 = Rs 55,000

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Q. On the basis of the following information, calculate amount that will appear against the term ' Stationery Used' in the Income and Expenditure Account for the year ended 31st March , 2018:

	₹
Stock of Stationery as at 1st April, 2017	12,000
Creditors for Stationery as at 1st April, 2017	25,600
Amount paid for Stationery during the year ended 31st March,2018	1,40,000
Stock of Stationery as at 31st March,2018	23,200
Creditors for Stationery as at 31st March,2018	24,000

Q. 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

Q. Calculate amount to be posted to the Income and Expenditure Account for the year ended 31st March, 2019:

(i)	Amount paid for stationery during the year ended 31st March, 2019 – ₹5,400; Stock of Stationery in Hand on 31st March, 2019 – ₹ 250.
(ii)	Stock of Stationery in Hand on 1st April, 2018 – ₹ 1,500; Payment made for Stationery during the year ended 31st March, 2019 – ₹ 5,400; Stock of Stationery in Hand on 31st March, 2019 – ₹ 250.
		₹
(iii)	Stock of Stationery on 1st April, 2018	1,500
	Creditors for Stationery on 1st April, 2018	1,000
	Amount paid for Stationery during the year	5,400
	Stock of Stationery on 31st March, 2019	250

On the basis of the information given below calculate the amount of Stationery to be debited to the 'Income and Expenditure Account' of Good Health Sports Club for the year ended 31st March 2017 :

$\begin{matrix} Apirl 1, 2016 & March 31, 2017 Stock of Stationery & 8, 000 & 6, 000 Creditors for Stationery & 9, 000 & 11, 000 \end{matrix}$

Stationery purchased during the year ended 31-3-2017 was Rs 47,000.

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, 2018:

Particulars	1 st April, 2017 (₹)	31 st March, 2018 (₹)
Stock of Medicines Creditors for Medicines	1,75,750 15,06,900	1,44,650 18,20,700

Medicines purchased during the year ended 31st March, 2018 were ₹ 60,80,700 .

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Calculation of Stationery Consumed during the year : Credit Purchases = 1,00,000 ×70100=Rs70,000 Stationery Consumed = Opening Stock + Purchases - Closing Stock = 17,000 + 70,000 - 32,000 = Rs 55,000

Calculation of Stationery Consumed during the year :

Credit Purchases = 1,00,000 $\times \frac{70}{100} = R s 70, 000$

Stationery Consumed = Opening Stock + Purchases - Closing Stock

= 17,000 + 70,000 - 32,000 = Rs 55,000