From the following information, calculate the amount of sports material that will be debited to the ‘Income and Expenditure Account’ of Bright Sports Club for the year ended 31-3-2019.
1st April, 2018
31st March, 2019
|Stock of Sports Material||1,10,000||1,50,000|
|Creditors for Sports Material||25,000||60,000|
|Advance paid for Sports Material||25,000||70,000|
Cash purchase of sports material during the year was Rs. 2,50,000. Rs. 1,50,000 were paid to the creditors of sports material.