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    Question

    Amount paid for stationery during 2022-23         

         ₹ 80,000 Creditors for Stationery on March, 31, 2023              ₹ 7,200 Stationery spoiled during the year 2022-23                ₹ 2,400 Stock of Stationery on March 31, 2023                       ₹ 8,000 How much amount of Stationery will be shown in the Income & Expenditure Account for the year ended on March 31, 2023 ?
    A ₹ 72,000 Correct Answer Incorrect Answer
    B ₹ 79,400 Correct Answer Incorrect Answer
    C ₹ 76,800 Correct Answer Incorrect Answer
    D ₹ 87,200 Correct Answer Incorrect Answer

    Solution

    Amount Paid to creditor            80,000 Closing Balance of creditors:    7,200 Purchased:                                87,200 Spoiled:(2400) Balance:                                       84,800 Closing stock:                              (8000) Amount to be shown in I&E        76,800

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