(Calculation of stationery consumed during the year) With the above information, calculate the amount of stationery consumed during the year and show its presentation in final accounts of a concern
1. (Calculation of stationery consumed during the year) With the above information, calculate the amount of stationery consumed during the year and show its presentation in final accounts of a concern
Balance Sheet as on 01.04.2018
Liabilities | Amount | Amount | Assets | Amount | Amount |
|
|
| Stock of Stationery |
| 400 |
|
|
|
|
|
|
Dr. | Cr. |
Receipts | Amount | Amount | Payments | Amount | Amount |
|
|
| By Stationery Purchased |
| 6,300 |
|
|
|
|
|
|
Expenditure | Amount | Amount | Income | Amount | Amount |
To Stationery | 400 |
|
|
|
|
(+) Purchased stationery | 6,300 |
|
|
|
|
(+) Outstanding stationery bill | 1,000 |
|
|
|
|
| 7,700 |
|
|
|
|
(-) Closing stock of stationery | 1,800 | 5,900 |
|
|
|
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