calculate amount of medicines of medicines to be debited to the income and expenditure account of medicare hospital for the year ended 31st march 2019 :

stock of medicine as on 1st april 2018 is 1,32,500 and as on 31st march 2019 1,70,400.
creditors for medicines as on 1st april 2018 was 2,72,800 and as on 31st march 2019 is 3,52,600.

medicines purchased during the year ended 31st march were rs. 16,94,000.

Dear Student, Medicine to be debited to income and expenditure account will be the amount of medicine consumed. Medicines consumed = Opening stock of medicine + medicines purchased during the year - closing stock of medicine. Medicines consumed = 132500 + 1694000 - 170400. Medicines consumed = 1656100. Thanks and Regards

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17 35 4000
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1735400
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Medicine consumed = Opening stock +purchase -closing stock.
= 1,32,500+16,94,000-1,70,400
=16,56,100 (amt. Debited to income and expenditure account. )
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