Stock of medicines on 1.4.2022 were ₹10,000. Medicines purchased during the year is ₹10,000. Closing stock of medicines on 31-3-2023 are ₹6,000. Consumption of medicines debited to Income & Expenditure Account is....... |
₹5,000 ₹10,000 ₹6,000 ₹14,000 |
₹14,000 |
The correct answer is option 4- ₹14,000. Medicine consumed = Opening stock + purchases - closing stock This 14,000 is shown on the debit side of income and expenditure account. |