Exercise - 2 | Q 3 | Page 114 Calculate the following: Opening stock of stationery ₹ 5,000, purchases of stationery ₹ 7000, outstanding stationery bill ₹ 12,000, closing stock ₹ 1000. What is the amount of stationery consumed?

Balbharati solutions for Book-keeping and Accountancy 12th Standard Hsc Maharashtra State Board Chapter 2 Accounts of ‘Not for Profit’ Concerns Exercise - 2 [Pages 113 - 114]

Exercise - 2 | Q 3 | Page 114

Calculate the following:

Opening stock of stationery ₹ 5,000, purchases of stationery ₹ 7000, outstanding stationery bill ₹ 12,000, closing stock ₹ 1000. What is the amount of stationery consumed?

Solution: 

To consumption of stationary	₹
Opening stock	5,000
Add: Purchases	7,000
Add: Outstanding stationary bill	12,000
	24,000
Less: Closing Stock	1,000
Consumption of stationary	23,000