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Question
Calculate amount of medicines consumed during the year ended 31st March, 2019:
| ₹ | |
| Opening Stock of Medicines | 1,00,000 |
| Opening Creditors for Medicines | 90,000 |
| Cash purchases of Medicines during the year | 3,00,000 |
| Closing Stock of Medicines | 1,50,000 |
| Closing Creditors for Medicines | 1,30,000 |
Ledger
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Solution
|
Statement of Medicines Consumed for the year ending March 31, 2019 |
|
|
Particulars |
Amount (₹) |
|
Cash Purchases of medicines during the year |
3,00,000 |
|
Add: Opening Stock of Medicines |
1,00,000 |
|
Less: Closing Stock of Medicines |
(1,50,000) |
|
Add: Closing Creditors of Medicines |
1,30,000 |
|
Less: Opening Creditors of Medicines |
(90,000) |
|
Amount of Medicines Consumed during the year 2018-19 |
2,90,000 |
shaalaa.com
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