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, 2018 | 12,000 |
| Creditors for Stationery as at 1st April, 2018 | 25,600 |
| Amount paid for Stationery during the year ended 31st March, 2019 | 140,000 |
| Stock of Stationery as at 31st March, 2019 | 23,200 |
| Creditors for Stationery as at 31st March,2019 | 24,000 |
Statement of Stationery Consumed
for the year ended March 31, 2019
| Particulars | Amount (Rs.) |
| Amount paid for Stationery during the year 2018-19 | 1,40,000 |
| 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 |