How much amount will be shown in Income and Expenditure Account in the following case During 2019 20...........

How much amount will be shown in Income and Expenditure Account in the following case

During 2019-20 purchases of Stationery was Rs 60,000.

opening Stock of stationry Rs 1,100 & stock of stationary at end is Rs 1,000

Rs 57,800

Rs 59,900

Rs 62,000

Rs 60,100

- The amount shown in the Income and Expenditure account for stationery is based on the actual expense incurred during the year.

Stationary consumed duering the year = opening of stationary + purchases of stationary - closing stock of stationary

= 60,000 + 1,100 - 1,000 = 60,100

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