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Q9) On the basis of the information given below calculate the amount of Stationery to be debited to the Income & Expenditure A/c of a Club for the ear ended 31 st March,2007: Particulars As on 2006 I-4- As on 31-32007 Creditors for Stationery Stock of Statione 9,000 8,000 11,000 6,000?
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Q9) On the basis of the information given below calculate the amount o...
Calculation of Stationery Expense for the Year Ended 31st March 2007
To determine the amount of stationery to be debited to the Income & Expenditure Account, we need to consider the opening and closing balances of creditors and stock for stationery. Here’s how we can calculate it:
1. Opening and Closing Balances
- Creditors for Stationery
- As on 1st April 2006: 9,000
- As on 31st March 2007: 11,000
- Stock of Stationery
- As on 1st April 2006: 8,000
- As on 31st March 2007: 6,000
2. Calculation of Stationery Purchased
To find out the total stationery expense, we can use the following formula:
- Total Stationery Purchased = (Creditors at the end) - (Creditors at the beginning) + (Stock at the beginning) - (Stock at the end)
Substituting the values:
- Total Stationery Purchased = (11,000 - 9,000) + (8,000 - 6,000)
- Total Stationery Purchased = 2,000 + 2,000 = 4,000
3. Amount to be Debited
The amount to be debited to the Income & Expenditure Account for stationery for the year ended 31st March 2007 is:
- Total Amount Debited: 4,000
Conclusion
Thus, the final amount of stationery to be debited to the Income & Expenditure Account of the club for the year ended 31st March 2007 is 4,000. This amount reflects the net stationery usage after accounting for the changes in creditors and stock.
To determine the amount of stationery to be debited to the Income & Expenditure Account, we need to consider the opening and closing balances of creditors and stock for stationery. Here’s how we can calculate it:
1. Opening and Closing Balances
- Creditors for Stationery
- As on 1st April 2006: 9,000
- As on 31st March 2007: 11,000
- Stock of Stationery
- As on 1st April 2006: 8,000
- As on 31st March 2007: 6,000
2. Calculation of Stationery Purchased
To find out the total stationery expense, we can use the following formula:
- Total Stationery Purchased = (Creditors at the end) - (Creditors at the beginning) + (Stock at the beginning) - (Stock at the end)
Substituting the values:
- Total Stationery Purchased = (11,000 - 9,000) + (8,000 - 6,000)
- Total Stationery Purchased = 2,000 + 2,000 = 4,000
3. Amount to be Debited
The amount to be debited to the Income & Expenditure Account for stationery for the year ended 31st March 2007 is:
- Total Amount Debited: 4,000
Conclusion
Thus, the final amount of stationery to be debited to the Income & Expenditure Account of the club for the year ended 31st March 2007 is 4,000. This amount reflects the net stationery usage after accounting for the changes in creditors and stock.
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Q9) On the basis of the information given below calculate the amount of Stationery to be debited to the Income & Expenditure A/c of a Club for the ear ended 31 st March,2007: Particulars As on 2006 I-4- As on 31-32007 Creditors for Stationery Stock of Statione 9,000 8,000 11,000 6,000?
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Q9) On the basis of the information given below calculate the amount of Stationery to be debited to the Income & Expenditure A/c of a Club for the ear ended 31 st March,2007: Particulars As on 2006 I-4- As on 31-32007 Creditors for Stationery Stock of Statione 9,000 8,000 11,000 6,000? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Q9) On the basis of the information given below calculate the amount of Stationery to be debited to the Income & Expenditure A/c of a Club for the ear ended 31 st March,2007: Particulars As on 2006 I-4- As on 31-32007 Creditors for Stationery Stock of Statione 9,000 8,000 11,000 6,000? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Q9) On the basis of the information given below calculate the amount of Stationery to be debited to the Income & Expenditure A/c of a Club for the ear ended 31 st March,2007: Particulars As on 2006 I-4- As on 31-32007 Creditors for Stationery Stock of Statione 9,000 8,000 11,000 6,000?.
Q9) On the basis of the information given below calculate the amount of Stationery to be debited to the Income & Expenditure A/c of a Club for the ear ended 31 st March,2007: Particulars As on 2006 I-4- As on 31-32007 Creditors for Stationery Stock of Statione 9,000 8,000 11,000 6,000? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Q9) On the basis of the information given below calculate the amount of Stationery to be debited to the Income & Expenditure A/c of a Club for the ear ended 31 st March,2007: Particulars As on 2006 I-4- As on 31-32007 Creditors for Stationery Stock of Statione 9,000 8,000 11,000 6,000? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Q9) On the basis of the information given below calculate the amount of Stationery to be debited to the Income & Expenditure A/c of a Club for the ear ended 31 st March,2007: Particulars As on 2006 I-4- As on 31-32007 Creditors for Stationery Stock of Statione 9,000 8,000 11,000 6,000?.
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