From the following information, calculate the amount of sports material that will be debited to the ‘Income and Expenditure Account’ of Bright Sports Club for the year ended 31-3-2019.
Particulars | 1st April, 2018 Rs. | 31st March, 2019 Rs. |
Stock of Sports Material | 1,10,000 | 1,50,000 |
Creditors for Sports Material | 25,000 | 60,000 |
Advance paid for Sports Material | 25,000 | 70,000 |
Additional Information:
Cash purchase of sports material during the year was Rs. 2,50,000. Rs. 1,50,000 were paid to the creditors of sports material.
Marks-4, CBSE:2019-20/Main/04/Q-15