Practical Problem 01
SOLUTION:
In the books of _____________
Income and Expenditure Account for the year ended 31st March, 2019 | |||||
Expenditure | (₹) | (₹) | Income | (₹) | (₹) |
To Stationery Consumed during the Year | |||||
Opening Stock | 400 | ||||
Add: Stationery Purchased during the Year | 6,300 | ||||
Add: Credit Purchase of Stationery (Outstanding bill) | 1,000 | ||||
7700 | |||||
Less: Closing Stock of Stationery | 1800 | 5,900 | |||