Accountancy Part AAccounts for Non Profit Organsiation

Payment made for stationary during the year 2021 - 22 is Rs. 46,000.S…

Payment made for stationary during the year 2021 - 22 is Rs. 46,000.

Stock of stationary as on 1-4-2021 Rs. 8,000

Stock of stationary as on 31-3-2022 Rs. 6,000

Advance for stationary as on 1-4-2021 Rs. 18,000

Advance for stationary as on 31-3-2022 Rs. 5,000

What will be the amount of stationary consumed during the year 2021 - 22 ?

Answer & explanation

Correct answer: option 1

The correct answer is Option (1) → Rs. 61,000

The stationery consumed in a year is purchases for the year + opening stock − closing stock. The payment of Rs. 46,000 first has to be changed into the purchases of this year.

The opening advance of Rs. 18,000 was paid last year for stationery received this year, so it is added. The closing advance of Rs. 5,000 is paid this year for stationery to be received next year, so it is deducted.

Purchases for 2021-22 = Rs. 46,000 + Rs. 18,000 − Rs. 5,000 = Rs. 59,000

Stationery consumed = Rs. 8,000 + Rs. 59,000 − Rs. 6,000 = Rs. 61,000

Note: This question is from the pre-rationalised NCERT book. The topic is not there in the latest NCERT book (2026-27), and it is also out of the CUET 2026 syllabus.

NCERT (Pre-rationalised edition):
Some Peculiar Items – “… Stationery: Normally expenses incurred on stationary, a consumable items are charged to Income and Expenditure Account. But in case stock of stationery (opening and/or closing) is given, the approach would be make necessary adjustments in purchases of stationery and work out cost of stationery consumed and show that amount in Income and Expenditure Account and its stock in the balance sheet.”