Find out cost of medicine consumed during 2020-21. Payment to creditors of medicines ₹3,70,000 |
₹3,63,000 ₹2,63,000 ₹3,36,000 ₹2,36,000 |
₹3,63,000 |
The correct answer is option 1- ₹3,63,000. Medicine consumed = (Payment to creditors + Opening stock - closing stock - creditors in the beginning + creditors at the end + advance to suppliers in beginning - advance to suppliers at the end) |