Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounts for Non Profit Organsiation

Question:

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:

Options:

₹14,000

₹16,500

₹20,500

₹17,500

Correct Answer:

₹17,500

Explanation:

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