10 Views

Question : On the basis of the information given below, calculate the amount of stationery to be debited to Income and Expenditure Account of Good Health Sports Club for the year ended 31st March, 2020:                   
                                                                          April 1, 2019          March 31, 2020

Stock of stationery                                                80,000                      60,000

Creditors for stationery                                          90,000                  1,10,000

Stationery purchased during the year ended 31st March 2020 was Rs 4,70,000.

Option 1: Rs.5,10,000

Option 2: Rs.5,00,000

Option 3: Rs.4,90,000

Option 4: Rs.5,20,000


Team Careers360 22nd Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Rs.4,90,000


Solution : Stationery purchased during the year ended = Rs 4,70,000
(+) Opening stock                                           = Rs.80,000
(-) Closing stock                                             = (Rs.60,000)
Amount of stationery consumed                    = Rs.4,90,000
Hence, the correct option is 3.

Related Questions

UEI Global, Hotel Management ...
Apply
Training & Placement Guarantee | Top Recruiters: The Oberoi, Taj, Lee Meridien, Hyatt and many more
VIT Bhopal University | M.Tec...
Apply
M.Tech admissions open @ VIT Bhopal University | Highest CTC 52 LPA | Apply now
Amity University | M.Tech Adm...
Apply
Ranked amongst top 3% universities globally (QS Rankings).
Graphic Era (Deemed to be Uni...
Apply
NAAC A+ Grade | Among top 100 universities of India (NIRF 2024) | 40 crore+ scholarships distributed
IBSAT 2025-ICFAI Business Sch...
Apply
IBSAT 2025-Your gateway to MBA/PGPM @ IBS Hyderabad and 8 other IBS campuses | Scholarships worth 10 CR
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
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