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Payment of medicine supply 300000rs. Op. Stock of medicine 100000 rs Closing stock of medicine 150000rs Opening amount due for medicine supply 90000rs. Closing amount due for medicine supply 130000rs What is the amount of income and expenditure a/c.

Harshita Tripathi

CA Inter

★ 2K+

14-Sep-22 19:34

321

Answers (3)

Best Answer

Hello, Just understand and remember this formula for stock consumed; Stock Consumed = Opening stock of Medicine + Payment for medicine + (Closing due - Opening due ) - Closing stock of medicine. If any doubt in the formula, pls feel free to ask.

Aswin Chandar

CA Final

★ 40K+

14-Sep-22 20:23

Aswin Chandar

Thank you

Thread Starter

Harshita Tripathi

CA Inter

★ 2K+

14-Sep-22 20:35

Thread Starter

Harshita Tripathi

Thank you

My pleasure, just mark best answer if you feel so. Thanks.

Aswin Chandar

CA Final

★ 40K+

15-Sep-22 09:55

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