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 ...

4 Views

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

Answer

Answer Later

Report

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.

Like Share

Related Questions

Question : How much amount will be shown in the Income and Expenditure Account in the following case:

Amount paid for stationary purchased during

0 Views

Question : How much amount will be shown in the Income and Expenditure Account in the following case:

Amount paid for stationary purchased during

1 Views

Question : From the following information, calculate the amount of stationary consumed by the Rotary Club for the year ended 31st March 2022:

Question : How much amount will be shown in the Income and Expenditure Account in the following case:

Creditors for the stationary on 1-4-2021	8000
Amount

0 Views

Question : Calculate the amount to be shown in the Income and Expenditure Account in the following case:

Stock of sports Materials on 1-4-2021	6000
Amount paid

1 Views

Applications for Admissions are open.

CLAT Current Affairs with GK ...

Apply

Stay updated with current affairs & check your preparation with the CLAT General Knowledge Mock Tests Ebook

CLAT English Language Mock Tests

Apply

Free Ebook - CLAT 2025 English Language questions with detailed solutions

ICFAI Business School-IBSAT 2024

Apply

9 IBS Campuses | Scholarships Worth Rs 10 CR

CLAT Legal Reasoning Mock Tests

Apply

Free Ebook - CLAT 2025 legal reasoning questions with detailed solutions

GIBS Business School Bangalor...

Apply

100% Placements with 220+ Companies

Great Lakes PGPM & PGDM 2025

Apply

Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024

View All Application Forms

Trending Articles/News

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