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

Particulars 31-3-21 31-3-22
Balance of Stationary 48000 59000
Creditors for stationary 418000

390000

During the year creditors were paid Rs. 6,00,000.

Option 1: Rs. 5,61,000

Option 2: Rs. 5,72,000

Option 3: Rs. 5,50,000

Option 4: Rs. 5,30,000


Team Careers360 11th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: Rs. 5,61,000


Solution :

Amount paid for Sports material purchased during 2021-22 600000
Less: Creditors for Sports material on 1-4-2021 418000
Add: Creditors for Sports material on 31-3-2022 390000
Sports material purchased during the year 572000
Add: Stock of Sports material on 1-4-2021 48000
Less: Stock of Sports material on 31-3-2022 59000
Amount to be shown in Income and Expenditure Account 561000

Hence, the correct option is 1.

Related Questions

Question : Delhi sports club for the year ending 31st march 2022 amounted to Rs. 4,00,000. How much amount to be recorded in Income and Expenditure Account after considering the following information:

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