Question

The following information pertains to a Club:
Amount debited to Income & Expenditure a / c as Bar Stock used = 10,900
Amount paid to creditors of medicine = ?

	31.3.2008	31.3.2009
Bar Stock	1,420	1,740
Amount due to suppliers of Bar	1,180	860

• A. 11,460
• B. 11,340
• C. 11,540
• D. 11,560

Answer 1

Answer: (C)

11,540

Dr Bar Stock of A/c Cr.

To Balance b/d To Creditors &For Bar Stock A/c (Bal.Fig.)

1,420 11,220 $\overline{12,640}$

By Income & Expenditure A/c(Bar Stock consumed) By Balance c/d

10,990 1,740 $\overline{12,640}$

Dr Creditors For Bar Stock A/c Cr.

To Receipt & Payment A/c(Bal.Fig) To Balance c/d

11,540 860 $\overline{12,400}$

By Balance c/d By Stock of provision A/c

1,180 11,220 $\overline{12,400}$