From the following information of a charitable dispensary, calculate the amount of medicines consumed during the year that would appear in the Income and Expenditure Account for the year ending 31st March, 2019:
Particulars | Amount Rs. |
Stock of medicines on 1.4.2018 | 60,000 |
Creditors for medicines 1.4.2018 | 40,000 |
Stock of medicines 31.3.2019 | 10,000 |
Creditors for medicines 31.3.2019 | 25,000 |
Advances for medicines 31.3.2019 | 22,000 |
Credit purchases of medicines during the year | 2,76,000 |
Cash purchases of medicines during the year | 46,500 |
Marks-3, CBSE:2019-20/Main/01/Q-14*