question_answer

On the basis of the following information, calculate the amount of stationery to be debited in income and expenditure account for the year ended on 31st March, 2017:

		Amt (Rs.)
(i)	Stock of stationery on 1st April, 2016	21,000
(ii)	Creditors for stationery on 1st April, 2016	14,000
(iii)	Amount paid for stationery on 31st March, 2017	75,600
(iv)	Stock of stationery on 31st March, 2017	3,500
(v)	Creditors for stationery on 31st March, 2017	9,100

Answer:

Stationery used during the year = Rs. 88,200