Practical Problem 01
Practical Problems | Q 1 | Page 114
(Calculation of stationery consumed during the year)
Stock of Stationery
Receipts and Payments Account for the year ending 31.03.2019
By Stationery Purchased
- ₹1,000 Outstanding for Stationery bill.
- Stock of Stationery as on 31.03.2019 was valued at ₹1,800
With the above information, calculate the amount of Stationery consumed during the year and show its presentation in final Accounts of a concern.
In the books of _____________
Income and Expenditure Account for the year ended 31st March, 2019
To Stationery Consumed during the Year
Add: Stationery Purchased during the Year
Add: Credit Purchase of Stationery (Outstanding bill)
Less: Closing Stock of Stationery