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Question
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?
Sum
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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 |
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Chapter 2: Accounts of ‘Not for Profit’ Concerns - Exercise 2.1 (Objective Type Questions) [Page 114]
