From the following information, calculate the amount to be charged to Income and Expenditure Account for ‘Sports material consumed’ for the year 2019-20.


Amount (Rs.)

Stock of Sports material (01-04-2019)60000
Amount paid to creditors (during 2019-20)3,00,000
Creditors for Sports Materials (01-04-2019)1,00,000
Creditors for Sports Materials (31-03-2020)80000
Sports Material sold During the year (Book Value Rs.35,000)15000
Cash Purchases of Sports Material (During the Year 2019-20)1,30,000

Marks-3, CBSE:2020-21/Sample/Q-14*

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