From the following information, calculate the amount to be charged to Income and Expenditure Account for ‘Sports material consumed’ for the year 2019-20.
| Particulars | Amount (Rs.) |
| Stock of Sports material (01-04-2019) | 60000 |
| Amount paid to creditors (during 2019-20) | 3,00,000 |
| Creditors for Sports Materials (01-04-2019) | 1,00,000 |
| Creditors for Sports Materials (31-03-2020) | 80000 |
| Sports Material sold During the year (Book Value Rs.35,000) | 15000 |
| Cash Purchases of Sports Material (During the Year 2019-20) | 1,30,000 |
Marks-3, CBSE:2020-21/Sample/Q-14*