Calculate the amount of consumption of medicine from the following information - Stock of medicine on 1st April 2020 - ₹ 6,000 Creditors for medicine on 1st April 2020- ₹ 4,000 Amount paid to creditors for medicines during 20 - 21 - ₹ 21,600 Stock of medicine on 31 March 2021 - ₹ 1,000 Creditors for stationary on 31 March 2021 - ₹ 3,600
Options:
₹26,200
₹27,000
₹24,200
₹22,200
Correct Answer:
₹26,200
Explanation:
Amount paid to creditors for medicines -21,600 Add : Opening stock of medicine - 6,000 Closing creditors for medicine - 3,600 Less : Closing stock of medicines -1,000 Opening creditors of medicine - 4,000 Income & Expenditure a/c - 26,200