Amount paid for stationery during 2010 is ₹ 880. Stock of stationer

1.	Amount paid for stationery during 2010 is ₹ 880. Stock of stationery at the end of the year is ₹ 90. What amount will be posted to Income and Expenditure account during the year 2010?
Answer» Amount paid for stationery during the year – 880 (-) Stock of stationery at the end – 90 Amt. to be posted to income and expenditure A/c – 790

Amount paid for stationery during 2010 is ₹ 880. Stock of stationery at the end of the year is ₹ 90. What amount will be posted to Income and Expenditure account during the year 2010?

Answer»

Amount paid for stationery during the year – 880

(-) Stock of stationery at the end – 90 Amt.

to be posted to income and expenditure A/c – 790