Question : How much amount will be shown in the Income and Expenditure Account in the following case: Amount paid for stationary purchased during 2021-22 80000 Creditors for Stationary on 1-4-2021 8000 Creditors for Stationary on 31-3-2022 12400 ...

4 Views

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

Amount paid for stationary purchased during 2021-22 80000

Creditors for Stationary on 1-4-2021 8000

Creditors for Stationary on 31-3-2022 12400

Stock of Stationary on 1-4-2021 10800

Stock of Stationary on 31-3-2022 10000

Option 1: Rs. 84,400
Option 2: Rs. 84,000
Option 3: Rs. 86,000
Option 4: Rs. 85,200

Team Careers360 19th Jan, 2024

Answer

Answer Later

Report

Answer (1)

Team Careers360 20th Jan, 2024

Correct Answer: Rs. 85,200

Solution :

Amount paid for stationary purchased during 2021-22	80000
Less: Creditors for Stationary on 1-4-2021	8000
Add: Creditors for Stationary on 31-3-2022	12400
Stationary purchased during the year	84400
Add: Stock of Stationary on 1-4-2021	10800
Less: Stock of Stationary on 31-3-2022	10000
Amount to be shown in Income and Expenditure Account	85200

Hence, the correct option is 4.

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:

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

1 Views

Question : On the basis of the following information, calculate the amount of sports materials to be shown in the Income and Expenditure Account for the year ended 31st March 2022:

2 Views

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

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.

Chandigarh University Admissi...

Apply

Ranked #1 Among all Private Indian Universities in QS Asia Rankings 2025 | Scholarships worth 210 CR

TAPMI MBA 2025 | Technology M...

Apply

MBA Admission Open in Technology Management and AI & Data Science | NAAC A++ | Institution of Eminence | Assured Scholarships

Sanskriti University LLM Admi...

Apply

Best innovation and research-driven university of Uttar Pradesh

Maya Devi University LLM admi...

Apply

43.6 LPA Highest Package | 5.48 LPA Average Package | 150+ Courses in UG, PG, Ph.D

Amity University, Noida Law A...

Apply

700+ Campus placements at top national and global law firms, corporates, and judiciaries

Great Lakes PGPM & PGDM 2025

Apply

Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024 | Extended Application Deadline: 10th Feb 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