Question : How much amount is to be shown in the Income and Expenditure Account in the following case:
| Amount paid for sports materials | 10000 |
| Creditors at the end of the year | 900 |
| Closing Stock of sports material | 1000 |
Option 1: Rs. 9,900
Option 2: Rs. 11,000
Option 3: Rs. 10,900
Option 4: Rs. 10,100
Answer (1)
13th Jan, 2024
Correct Answer: Rs. 9,900
Solution :
| Amount paid for sports materials | 10000 |
| Add: Creditors at the end of the year | 900 |
| Less: Closing Stock of Sports material | 1000 |
| Amount to be shown in Income and Expenditure Account | 9900 |
Hence, the correct option is 1.
Comments (0)
Related Questions
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
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:
| Amount paid for stationary purchased during |
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 |
Trending Articles/News
