Extract of Receipt and Payment Account for the year ended on March 31, 2021 is given.Calculate the amount of Stationery to be shown in Income and Expe - Accountancy MCQ CUET Accountancy 2022 20 Aug Shift 2 2026 | ExamTest.live

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Extract of Receipt and Payment Account for the year ended on March 31, 2021 is given.Calculate the amount of Stationery to be shown in Income and Expenditure A/c.Payments for Stationery: Rs. 23, 000 Additional Information:

Solution & Step-by-step Explanation

Stationery consumed during the year is calculated as: Amount Paid for Stationery + Opening Stock of Stationery - Closing Stock of Stationery - Opening Creditors for Stationery + Closing Creditors for Stationery $ = 23, 000 + 4, 000 - 3, 000 - 9, 000 + 2, 500 = Rs. 17, 500 $

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Extract of Receipt and Payment Account for the year ended on March 31, 2021 is given.Calculate the amount of Stationery to be shown in Income and Expenditure A/c.Payments for Stationery: Rs. 23, 000 Additional Information:

Rs. 17, 500

Rs. 20, 500

Rs. 11, 500

Rs. 23, 000

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