1 View

Question : Calculate the amount to be shown in the Income and Expenditure Account in the following case:

Stock of sports Materials on 1-4-2021 6000
Amount paid for sports materials during the year 40000
Stock of sports Materials on 31-3-2022 9600

Option 1: Rs. 37,000

Option 2: Rs. 46,000

Option 3: Rs. 36,400

Option 4: Rs. 49,600


Team Careers360 17th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Rs. 36,400


Solution :

Amount paid for sports materials during the year 40000
Add: Stock of sports Materials on 1-4-2021 6000
Less: Stock of sports Materials on 31-3-2022 9600
Amount recorded in Income and Expenditure A/c 36400

Hence, the correct option is 3.

 

Related Questions

Amity University Noida B.Tech...
Apply
Among Top 30 National Universities for Engineering (NIRF 2024) | 30+ Specializations | AI Powered Learning & State-of-the-Art Facilities
Amrita University B.Tech 2026
Apply
Recognized as Institute of Eminence by Govt. of India | NAAC ‘A++’ Grade | Upto 75% Scholarships
Amity University, Noida | Law...
Apply
700+ Campus placements at top national and global law firms, corporates and judiciaries
Great Lakes Institute of Mana...
Apply
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.8 LPA Avg. CTC for PGPM 2025
Manav Rachna University Law A...
Apply
Admissions open for B.A. LL.B. (Hons.), B.B.A. LL.B. (Hons.) and LL.B Program (3 Years) | School of Law, MRU ranked No. 1 in Law Schools of Excelle...
Nirma University Law Admissio...
Apply
Grade 'A+' accredited by NAAC | Ranked 33rd by NIRF 2025
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books