Maharashtra State BoardHSC Commerce 12th Board Exam
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Opening stock of stationery ₹ 5,000, purchases of stationery ₹ 7000, outstanding stationery bill ₹ 12,000, closing stock ₹ 1000. What is the amount of stationery consumed? - Book Keeping and Accountancy

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Sum

Opening stock of stationery ₹ 5,000, purchases of stationery ₹ 7000, outstanding stationery bill ₹ 12,000, closing stock ₹ 1000. What is the amount of stationery consumed?

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Solution

To consumption of stationary
Opening stock 5,000
Add: Purchases 7,000
Add: Outstanding stationary bill 12,000
  24,000
Less: Closing Stock 1,000
Consumption of stationary 23,000
Concept: Income and Expenditure Account
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APPEARS IN

Balbharati Book-keeping and Accountancy 12th Standard HSC Maharashtra State Board
Chapter 2 Accounts of ‘Not for Profit’ Concerns
Exercise 2 (Objective Type Questions) | Q 1. G) 3. | Page 114
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