Question : Calculate the amount to be debited to the Income and Expenditure Account for the year ending 31st March 2021: Amount paid for the Stationary during the year 5000 Stock of Stationary at the beginning of the year 600 Stock of Stationary at the ...

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Question : Calculate the amount to be debited to the Income and Expenditure Account for the year ending 31st March 2021:

Amount paid for the Stationary during the year 5000

Stock of Stationary at the beginning of the year 600

Stock of Stationary at the end of the year 750

Option 1: Rs. 4,850
Option 2: Rs. 5,600
Option 3: Rs. 5,750
Option 4: Rs. 6,350

Team Careers360 13th Jan, 2024

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Answer (1)

Team Careers360 17th Jan, 2024

Correct Answer: Rs. 4,850

Solution :

Amount paid for the Stationary during the year	5000
Add: Stock of Stationary at the beginning of the year	600
Less: Stock of Stationary at the end of the year	750
Amount recorded in Income and Expenditure A/c	4850

Hence, the correct option is 1.

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