Multiple choice

Stationery purchased during a year amounted to Rs. 12,000. Stationery credits at the beginning and at the end of the year were Rs. 2000 and Rs. 3000, respectively. Calculate the amount to be shown on the expenditure side of the stationery account. Stationery stock at the beginning and end of the year amounted to Rs. 3500 and Rs. 5000, respectively.

  1. Rs. 11,500

  2. Rs. 12,500

  3. Rs. 13,000

  4. Rs. 10,500

  5. Rs. 12,000
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A Correct answer
Explanation

It is correct. Stationery purchased is Rs. 12,000.                 Add: creditors (closing) = Rs. 3000 Less: creditors (opening) = Rs. 2000 Add: opening stock = Rs. 3500 Less: closing stock = Rs. 5000 will be Rs. 11,500.

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