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Given: Stock of stationery on Jan. 1,2011 Rs. 400.Stock of stationery on Dec. 31,2011 Rs.100. Payment for stationery during 2011 Rs.1200. Creditor for stationery on Dec. 31, 2011 Rs. 150. What is the amount of stationery that will be posted to the Income and Expenditure A/c for the year ending Dec.31,2011?
Calculation of Amount of stationary for the year ended 31st March, 2015Opening stock of stationary ,1st Jan 2015 = 400+ Payment made during the year = 1200+ Creditors for stationary on 31st Dec = 150- Closing stock as on 31st Dec ,2015 = (100) = 1650 Rs. Therefore, the amount of stationery that will be posted to the Income and Expenditure A/c for the year ending Dec. 31,2011 is Rs. 1650.
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