Given : Stock of stationery on Jan. 1, 2015 Rs 400
Stock of stationery on Dec. 31, 2015 Rs 100
Payment for stationery during 2015 Rs 1,200
Creditors for stationery on Dec. 31, 2015 Rs 150.
What is the amount of stationery that will be posted to the Income and Expenditure A/c for the year ending Dec. 31, 2015?

Rs 1,150

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Rs 1,650

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Rs 850

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Rs 1,050

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Solution

The correct option is A Rs 1,650
Calculation of Amount of stationary for the year ended 31st March, 2015
Opening stock of stationary ,1st Jan 2015 = 400
+ Payment made during the year = 1200
+ Creditors for stationary on 31st Dec = 150
- Closing stock as on 31st Dec ,2015 = (100)
= 1650 Rs.

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Similar questions

Q. Given : Stock of stationery on Jan. 1, 2015 Rs 200; payments for stationery during 2015 Rs 1,000; and stock of stationery on Dec. 31, 2015 Rs 50.
What will be the amount posted to Income and Expenditure A/c for the year ending Dec. 31, 2015?

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

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

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.

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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The correct option is A Rs 1,650Calculation of Amount of stationary for the year ended 31st March, 2015Opening stock of stationary ,1st Jan 2015 = 400+ Payment made during the year = 1200+ Creditors for stationary on 31st Dec = 150- Closing stock as on 31st Dec ,2015 = (100) = 1650 Rs.

The correct option is A Rs 1,650
Calculation of Amount of stationary for the year ended 31st March, 2015
Opening stock of stationary ,1st Jan 2015 = 400
+ Payment made during the year = 1200
+ Creditors for stationary on 31st Dec = 150
- Closing stock as on 31st Dec ,2015 = (100)
= 1650 Rs.