Q.9. From the following information, calculate the amount of sports material to be debited to the Income and Expenditure Account of a Sport Club for the year ended  31 s t March, 2017.

Dear Student,
Amount of Sports Material Consumed:
 
Particulars Amount
Amount paid for Sports Material 2,00,000
+Stock(2016) 20,000
-Stock(2017) 15,000
-Creditors(2016) 40,000
+Creditors(2017) 45,000
Sports Material Consumed 2,10,000

Regards

  • 0
closing balance     15000

add:payment       200000

add:C2                  45000
​less:C1                  40000
​less:opening
​balance                  20000

TOTAL               200000
  • -1
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