Q 23. Calculate amount to be posted to the Income and Expenditure Account for the year ended 31st March, 2019:

1.Amount paid for stationery during the year ended 31st March, 2019 – 5,400;

Stock of Stationery in Hand on 31st March, 2019 – 250.

2.Stock of Stationery in Hand on 1st April, 2018 – 1,500

Payment made for Stationery during the year ended 31st March, 2019 – 5,400

Stock of Stationery in Hand on 31st March, 2019                       – 250.

3.  Stock of Stationery on 1st April, 2018                                                        1,500 

Creditors for Stationery on 1st April, 2018                                                 1,000

Amount paid for Stationery during the year                                               5,400

Stock of Stationery on 31st March, 2019                                                     250