Question :
|
Particulars |
|
|
Opening Stock of Medicines |
Rs. 1,00,000 |
|
Closing Stock of Medicines |
Rs. 50,000 more than Opening Stock |
|
Amount paid for medicines during the year |
Rs. 2,00,000 |
|
Opening Creditors |
Rs. 20,000 |
|
Closing Creditors |
50% of Opening Creditors |
Amount of medicines consumed will be ------
Option 1: Rs. 1,40,000
Option 2: Rs. 1,60,000
Option 3: Rs. 2,00,000
Option 4: None of the above
Answer (1)
18th Jan, 2024
Correct Answer: Rs. 1,60,000
Solution :
Creditors for Medicines A/C
| To.Cash | 2,00,000 | By Bal.B/D | 20000 |
| To Bal.C/D | 30,000 | Purchases (B/t) | 2,10,000 |
| 2,30,000 | 2,30,000 |
Medicines A/C
| To Bal.B/D | 1,00,000 | Income and Exp (B/f) | 1,60,000 |
| To Creditor | 2,10,000 | ||
| ---- | Bal . C/D | 1,50,000 | |
| 3,10,000 | 3,10,000 |
The answer is
Rs 1,60,000.
Hence, the correct option is 2.
Comments (0)
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