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
Correct Answer: Rs. 1,60,000
Solution :
Creditors for Medicines A/C
Medicines A/C
The answer is Rs 1,60,000. Hence, the correct option is 2.
Question : Calculate the amount of medicines consumed during the year ended 31st March, 2019: Opening Stock of Medicines Rs. 50,000 Closing Stock of Medicines Rs. 45,000 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
Option 1: Rs 1,45,000
Option 2: Rs 1,35,000
Option 3: Rs 1,55,000
Option 4: Rs 2,05,000
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 : Calculate change in stock.
Option 1: 1970
Option 2: 3456
Option 3: 5426
Option 4: 8882
Question : From the following information, :
Additional Information: 1. During the year, a machine costing Rs 40,000 with an accumulated depreciation of Rs 24,000 was sold for Rs 20,000. 2. Patents written off were Rs 40,000 and some patents were sold at a profit of Rs 20,000. Question: Value of patents sold ____________.
Option 1: Rs 40,000
Option 2: Rs 60,000
Option 3: Rs 1,00,000
Option 4: None of the above.
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