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Calculate the amount to be shown in the Income & Expenditure Account for the year ended 31st March, 2023:

(i) Amount paid for stationery during the year – ₹ 540; Stock of Stationery in Hand on 31st March, 2023 – ₹ 25.  
(ii) Stock of Stationery in Hand on 1st April, 2022 – ₹ 150; Payment made for Stationery during the year – ₹ 540; Stock of Stationery in Hand on 31st March, 2023 – ₹ 25  
(iii)

Stock of Stationery on 1st April, 2022

Creditors for Stationery on 1st April, 2022

Amount paid for Stationery during the year

Stock of Stationery on 31st March, 2023

150

100

540

25

Anurag Pathak Changed status to publish February 6, 2024
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