Business, 22.05.2021 16:00 neidaq12345

From the following information, calculate the amount to be charged to Income and Expenditure Account for ‘Sports material consumed’ for the year 2018-19 Particulars
Amount
Stock of Sports materials ( 01.04.2018)
50,000
Amount paid to creditor( during 2018-19)
3,50,000
Creditors for Sport material( 1.04.2018)
80,000
Creditors for Sport material( 31.03.2019)
1,00,000
Sports Material Sold During the year( Book Value ₹35,000)
25,000
Cash Purchase of Sports Material (During the year 2018-19)
1,50,000

There was no stock at the end of the year 2018-19

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From the following information, calculate the amount to be charged to Income and Expenditure Account...

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