Question
Accountancy Question on Income and Expenditure Account
| Calculate the amount of sports material consumed for the year ended 31st March 2016 | ₹ |
|---|---|
| Stock of sports material on 1.4.2015 | 7,500 |
| Creditor for sports material on 1.4.2015 | 2,000 |
| Stock of sports material on 31.3.2016 | 6,200 |
| Amount paid for sports material during the year 2015-16 | |
| 17,000 | |
| Advance paid for sports material as on 31.3.2016 | 3,500 |
| Creditor for sports material on 31.3.2016 | 1,200 |
A
17,000
B
15,000
C
16,200
D
14,000
Answer
14,000
Explanation
Solution
The correct option is (D) : 14,000