Question : Opening stock of medicines = Rs.50,000.
Closing stock of medicines Rs.45,000 more than opening.
Amount paid for medicines during the year = Rs 2,00,000.
Opening creditor = Rs.20,000.
Closing creditor 50% of opening creditors.
Amount of medicines consumed during the year is?
Option 1: Rs.1,35,000
Option 2: Rs.1,55,000
Option 3: Rs.1,45,000
Option 4: Rs.2,50,000
Correct Answer: Rs.1,45,000
Solution : Amount paid for medicines = Rs.2,00,000 (+) Opening stock = Rs.50,000 (-) Closing stock = (Rs.95,000) [Rs.50,000 + Rs.45,000] (+) Closing creditors = Rs.10,000 [Rs.20,000 X 50%] (-) Opening creditors = (Rs.20,000) Amount of medicines consumed = Rs.1,45,000 Hence, the correct option is 3.
Question : Calculate the amount of medicines consumed during the year ended 31st March, 2019: Opening Stock of Medicines Rs. 50,000 Closing Stock of Medicines Rs. 45,000 more than Opening Stock Amount paid for medicines during the year Rs. 2,00,000 Opening
Question :
Particulars
Opening Stock of Medicines
Rs. 1,00,000
Closing Stock of
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