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 ...

1 View

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

Answer Later

Report

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.

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 : 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 :

Particulars
Opening Stock of Medicines	Rs. 1,00,000
Closing Stock of

0 Views

Question :

Particulars
Opening Stock of Medicines	Rs. 1,00,000
Closing Stock of

2 Views

Applications for Admissions are open.

UPES Integrated LLB Admission...

Apply

Ranked #28 amongst Institutions in India by NIRF | Ranked #1 in India for Academic Reputation by QS University Rankings | 16.6 LPA Highest CTC

SLAT 2025 - The Symbiosis Law...

Apply

Conducted by Symbiosis International (Deemed University) | Ranked #5 in Law by NIRF | Ranked #2 among best Pvt Universities by QS World Rankings

Jindal Global Law School Admi...

Apply

Ranked #1 Law School in India & South Asia by QS- World University Rankings | Merit cum means scholarships

Symbiosis Law School Pune Adm...

Apply

NAAC A++ Accredited | Ranked #5 by NIRF

Nirma University Law Admissio...

Apply

Grade 'A+' accredited by NAAC

ISBR Business School PGDM Adm...

Apply

180+ Companies | Highest CTC 15 LPA | Average CTC 7.5 LPA | Ranked as Platinum Institute by AICTE for 6 years in a row | Awarded Best Business Scho...

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