Question

From the following information, calculate the amount of stationery to be shown in Income and Expenditure Account for the year ended 31st March, 2021:

Particulars	1st April, 2020 (₹)	31st March, 2021 (₹)
Creditors for Stationery	5,600	12,800
Stock of Stationery	25,000	35,000

During the year ended 31st March, 2021 payments made to creditors amounted to ₹ 62,800. Stationery purchased during the year was ₹ 2,00,000.

Answer 1

Dr.	In the books of... Stationery Account		Cr.
Particulars	Amount (₹)	Particulars	Amount (₹)
To Balance b/d	25,000	By Income and Expenditure (Bal. fig.)	1,90,000
To Cash A/c (Purchased)	2,00,000	By Balance c/d	35,000
	2,25,000		2,25,000

Working Note:

Stationary Consumed during the year = Opening Stock + Stationary Purcahsed − Closing Stock of Stationary

= ₹ 25,000 + ₹ 2,00,000 − ₹ 35,000

= ₹ 1,90,000

Note: Creditors for stationery will be ignored because stationery purchased (and not the amount paid for stationery) during the year is given.