Opening Stock (+) Purchase (-) Closing Stock formula applies to the following while calculating consumption
A. Machinery
B. Stationery
C. Furniture
D. Sports Material
E. Medicine
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → B, D, E only
The formula Opening Stock + Purchases − Closing Stock gives the amount consumed during the year, so it applies to consumable items whose stock is carried from year to year: stationery, sports material and medicines. The amount consumed is the expense shown in the Income and Expenditure Account.
A. Machinery — a fixed asset, not consumed; it is depreciated.
B. Stationery — a consumable item.
C. Furniture — a fixed asset; it is depreciated.
D. Sports Material — a consumable item.
E. Medicine — a consumable item.
Note: This question is from the pre-rationalised NCERT book. The topic is not there in the latest NCERT book (2026-27), but it is still in the CUET 2026 syllabus, so do not skip it.
NCERT (Pre-rationalised edition): NCERT (Pre-rationalised edition):
NCERT (Pre-rationalised edition):
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