Calculate the Amount that Will Be Posted to the Income and Expenditure Account for the Year Ended 31st March, 2019
Calculate the amount that will be posted to the income and Expenditure Account for the year ended 31st March, 2019:
| (Rs.) | |
| Stock of Stationery on 1st April, 2018 | 30,000 |
| Creditors for Stationery on 1st April, 2018 | 20,000 |
| Advances paid for Stationery carried forward from the year ended 31st March, 2018 | 2,000 |
| Amount paid for Stationery during the year ended 31st March, 2019 | 108,000 |
| Stock of Stationery on 31st March, 2019 | 5,000 |
| Creditors for Stationery on 31st March, 2019 | 13,000 |
| Advance paid for Stationery on 31st March, 2018 | 3,000 |
Statement of Stationery
for the year ended March 31, 2019
| Particulars | Amount (Rs.) |
| Amount paid for Stationery during the year 2018-19 | 1,08,000 |
| Add: Opening Stock (as on April 01, 2018) | 30,000 |
| Less: Closing stock (as on March 31, 2019) | 5,000 |
| Less: Creditors in the beginning (as on April 01, 2018) | 20,000 |
| Add: Creditors at the end (as on March 31, 2019) | 13,000 |
| Add: Advance in the beginning (as on April 01, 2018) | 2,000 |
| Less: Advance at the end (as on March 31, 2019) | 3,000 |
| Amount to be posted to Income and Expenditure Account | 1,25,000 |
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