Calculate the amount of sports material consumed for the year ended 31^st March 2016.

₹14,000

The correct answer is Option (4) - ₹14,000.

Amount paid for sports material during the year 2015-16 = 17,000
Add: opening stock = 7,500
Less: Closing stock = 6,200
                               = (17,000 + 7,500 - 6,200)
                               = ₹18,300
Less:  Creditor for sports material on 1.4.2015 = 2,000
Add:  Creditor for sports material on 31.3 .2016 = 1,200
                                                                            = (18,300 + 1,200 - 2,000)
                                                                            = 17,500
Less: Advance paid for sports material as on 31.3.2016 = 3,500
                                                                                        = (17,500 - 3,500)
                                                                                        = 14,000