Calculate Amount of Medicines Consumed During the Year Ended 31st March, 2019

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Calculate amount of medicines consumed during the year ended 31st March, 2019:

  ₹
Opening Stock of Medicines1,00,000
Opening Creditors for Medicines90,000
Cash purchases of Medicines during the year3,00,000
Closing Stock of Medicines1,50,000
Closing Creditors for Medicines1,50,000



Statement of Medicines Consumed
for the year ending March 31, 2019

Particulars Amount (Rs.)
Cash Purchases of medicines during the year3,00,000
Add: Opening Stock of Medicines1,00,000
Less: Closing Stock of Medicines1,50,000
Add: Closing Creditors of Medicines1,30,000
Less: Opening Creditors of Medicines90,000
Amount of Medicines Consumed during the year 2018-192,90,000

Chapter-1 Financial Statements of Not for Profit Organisations-TS Grewal



Location: India

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