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Punya Trust runs a charitable hospital ....

Punya Trust runs a charitable hospital . How will be the following items dealt while preparing Income and Expenditure Account for the year ended 31st March 2019 and Balance Sheet as at that date?

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The correct Answer is:
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Altermatively amount of mediciness consumed during the year ended 31st March 2019 can be calculated by getting the value of mediciness purchased from Creditor for Medicines Account :

Working Note :
Medicines consumed =Opening Stock Medicines + Purchases of medicines - Closing Stock of Medicines
=Rs 30,000 + Rs 90,000 -Rs 5,000 =Rs 1,15,000
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