Question
Amount paid for stationery during 2022-23
₹ 80,000 Creditors for Stationery on March, 31, 2023 ₹ 7,200 Stationery spoiled during the year 2022-23 ₹ 2,400 Stock of Stationery on March 31, 2023 ₹ 8,000 How much amount of Stationery will be shown in the Income & Expenditure Account for the year ended on March 31, 2023 ?Solution
Amount Paid to creditor 80,000 Closing Balance of creditors: 7,200 Purchased: 87,200 Spoiled:(2400) Balance: 84,800 Closing stock: (8000) Amount to be shown in I&E 76,800
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