On the basis of the information given below, calculate the amount of stationery to be debited to Income and Expenditure Account of Good Health Sports Club for the year ended 31st March 2019 :

Stationery purchased during the year ended 31st March 2019 war Rs. 4,70,000.

Answer

N/a

Explanation

Working Note :
`" Stationery consumed (2018 -19)" = underset("Stationery")("Opening Stock of Stationery") + "Purchases of Stationery - Closing Stock or "`
=Rs 80,000 + Rs. 4,70,000 -Rs 60,000 = Rs 4,90,000.
Since stationery purchased during the year is given creditors are already adjusted in it and therefore no treatment is given to creditors.