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

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