Amount paid for stationery during 2021-22 is ₹23,000.
|
Details |
1.4.21 |
31.3.22 |
|
Stock of Stationery |
₹4,000 |
₹3,000 |
|
Creditors for Stationery |
₹9,000 |
₹2,500 |
The Amount of stationery consumed for the year 2021-22, as per the above said particulars is:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) - ₹17,500.
Payment made for the purchase of stationary = 23,000
Less: Creditors in the beginning = 9,000
Payment made for the year 2021-22 = 14,000
Add: creditors at the end = 2,500
Stationery Purchased for the year 2021-22 = 16,500
Add: Stock in the beginning = 4,000
Stationery Available for consumption during 2021-22 = 20,500
Less: Stock at the end = 3,000
Stationery Consumed during 2021-22 = 17,500