Opening Stock (+) Purchase (-) Closing Stock formula applies to the following while calculating consumption
A. Machinery
B. Stationery
C. Furniture
D. Sports Equipment
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.
Not For Profit Organisation (NPO) : Consumables are products that used recurrently, i.e., items that “get used up” or discarded. For example, consumable school supplies are stationary such as pens, file folders, and toner or ink cartridges; Medicines in hospitals; Sports materials in Sports clubs etc.
*Machinery and furniture are fixed assets.