Question : Opening stock of medicines =  Rs.50,000.

Closing stock of medicines Rs.45,000 more than opening. 

Amount paid for medicines during the year = Rs 2,00,000.

Opening creditor = Rs.20,000.

Closing creditor 50% of opening creditors.

Amount of medicines consumed during the year is?

Option 1: Rs.1,35,000

Option 2: Rs.1,55,000

Option 3: Rs.1,45,000

Option 4: Rs.2,50,000

Question :

Amount of medicines consumed will be ------

Option 1: Rs. 1,40,000

Option 2: Rs. 1,60,000

Option 3: Rs. 2,00,000

Option 4: None of the above 

Question :

Amount of medicines consumed will be ------

Option 1: Rs. 1,40,000

Option 2: Rs. 1,60,000

Option 3: Rs. 2,00,000

Option 4: None of the above 

Question : In a hospital, the opening stock of medicines are Rs.45,000 and closing stock is Rs.22,000. During the year Rs.1,53,000 worth of medicines are purchased. The amount of medicines consumed to be debited to Income and Expenditure Account will be:

Option 1: Rs.1,76,000

Option 2: Rs.1,30,000

Option 3: Rs.1,98,000

Option 4: None of these

Question : During the year ended 31st March, 2020, subscriptions received were Rs. 21,00,000. These subscriptions include Rs. 30,000 for the year ended 31st March, 2019 and Rs. 40,000 for the year ending 31st March, 2021. On 31st March, 2020, subscriptions due but not received were Rs. 50,000. The corresponding amount on 1st April, 2019 was Rs. 60,000. Determine the amount that should be credited to Income and Expenditure Account as subscriptions for the year ended 31st March, 2020.

Option 1: Rs 20,55,000

Option 2: Rs 20,50,000

Option 3: Rs 2,05,000

Option 4: Rs 20,35,000