On the Basis of the Following Information, Calculate Amount that Will Appear Against the Term ‘Stationery Used’ In The Income and Expenditure Account for the Year Ended 31st March, 2019:

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On the basis of the following information, calculate amount that will appear against the term ‘Stationery Used’ in the Income and Expenditure Account for the year ended 31st March, 2019:

 ₹
Stock of Stationery as at 1st April, 201812,000
Creditors for Stationery as at 1st April, 201825,600
Amount paid for Stationery during the year ended 31st March, 2019140,000
Stock of Stationery as at 31st March, 201923,200
Creditors for Stationery as at 31st March,201924,000




Statement of Stationery Consumed 
for the year ended March 31, 2019

Particulars Amount (Rs.)
Amount paid for Stationery during the year 2018-191,40,000
Add: Opening Stock (as on April 01, 2018)12,000
Less: Closing Stock (as on March 31, 2019)(23,200)
Add: Creditors at the end (as on March 31, 2019)24,000
Less: Creditors in the beginning (as on April 01, 2018)(25,600)
Amount of Stationery be shown in Income and Expenditure Account 1,27,200

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



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