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Calculate the amount of sports material to be debited to the income and expenditure account of capital sports club for the year ended 31 march 2018 on the basis of the following information |
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Answer» Answer: 20,700 Explanation: Creditors Opening (2000) PLUS Purchases (to find out) = Closing (2600) I.e., purchases are 19600. Now, Stock Opening (7500) Add Purchases (19600, from above) Less Consumption (to find out) = Closing (6400) I.e., consumption is 20700. |
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