| Particulars | 01.04.14 amount (₹) | 31.03.15 amount (₹) |
| Creditor for medicines | 25,000 | 17,000 |
| Stock of medicines | 62,000 | 54,000 |
| Advance to supplier of medicine | 11,500 | 18,200 |
Amount paid for purchase of medicine during the year 2014-15 was ₹3,70,000. The amount of medicine consumed during the year 2014-15 was :
Answer & explanation
Correct answer: option 2
The correct answer is option 2- ₹3,63,300.
Amount paid for sports material during the year 2014-15 = 3,70,000
Add: opening stock = 62,000
Less: Closing stock = 54,000
= (3,70,000 + 62,000 - 54,000)
= ₹3,78,000
Less: Creditor for sports material on 1.4.2014 = 25,000
Add: Creditor for sports material on 31.3 .2015 = 17,000
= (3,78,000 + 17,000 - 25,000)
= 3,70,000
Add: Advance paid for sports material as on 01.04.2014 = 11,500
Less: Advance paid for sports material as on 31.3.2015 = 18,200
= (3,70,000 - 18,200 + 11,500)
= 3,63,300