How much amount will be shown in Income and Expenditure Account in the following case 31 03 200...........

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

Payment made for medicines during 2009-10 was Rs2,5 0,000.

Rs2,53,000

Rs2,47,000

Rs2,57,000

Rs2,43.000

- Calculation of Medicines Consumed:

- Opening stock of medicines (31-03-2009): Rs 8,000

- Add: Purchases during the year: Rs 2,50,000 (Payment made for medicines)

- Less: Closing stock of medicines (31-03-2010): Rs 13,000

- Thus, Medicines consumed during the year = Rs 2,50,000 + Rs 8,000 - Rs 13,000 = Rs 2,45,000

- Calculation of Amount to be shown in Income and Expenditure Account:

- Medicines consumed = Rs 2,45,000

- Additional unpaid amount for medicines to be considered:

- Increase in unpaid amount from Rs 10,000 to Rs 12,000 (difference): Rs 2,000

- Total Adjustment for Expenditure Account:

- Total = Rs 2,45,000 (consumed) + Rs 2,000 (increase in unpaid) = Rs 2,47,000

- Correct Option:

- Option: 2 - Rs 2,47,000

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