Question : From the following information, calculate the amount of stationary consumed by the Rotary Club for the year ended 31st March 2022:
390000
During the year creditors were paid Rs. 6,00,000.
Option 1: Rs. 5,61,000
Option 2: Rs. 5,72,000
Option 3: Rs. 5,50,000
Option 4: Rs. 5,30,000
Correct Answer: Rs. 5,61,000
Solution :
Hence, the correct option is 1.
Question : How much amount will be shown in the Income and Expenditure Account in the following case:
Option 1: Rs. 84,400
Option 2: Rs. 84,000
Option 3: Rs. 86,000
Option 4: Rs. 85,200
Option 1: Rs. 17,450
Option 2: Rs. 17,600
Option 3: Rs. 17,000
Option 4: Rs. 18,000
Option 1: Rs. 1,03,000
Option 2: Rs. 95,000
Option 3: Rs. 98,000
Option 4: Rs. 85,000
Question :
Particulars
Opening Stock of Medicines
Rs. 1,00,000
Closing Stock of Medicines
Rs. 50,000 more than Opening Stock
Amount paid for medicines during the year
Rs. 2,00,000
Opening Creditors
Rs. 20,000
Closing Creditors
50% of Opening Creditors
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
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