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
Correct Answer: Rs 1,45,000
Solution : Amount paid for medicines during the year = Rs. 2,00,000 (+) Opening Stock of Medicines = Rs. 50,000 (-) Closing Stock of Medicines = (Rs. 95,000) (-) Opening Creditors = (Rs. 20,000) (+) Closing Creditors (50%xRs.20,000) = Rs. 10,000 Amount consumed = Rs. 1,45,000 Hence, the correct option is 1.
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
Question :
Particulars
Opening Stock of Medicines
Rs. 1,00,000
Closing Stock of
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