NPO Notes3

Study Material & Notes for the Chapter 1

Non-Profit Organization

III. CONSUMABLE ITEMS

A. Computation of Consumable Items

Option-1 With formula

Consumable Items = Opening Stock + Purchases (Net) – Closing Stock

Opition-2 by drawing up ledger account

Creditors Account
Table 1.3.A.CA
Stock Account
Table 1.3.A.SA
Income and Expenditure Account
Table 1.3.A.IEA
B. Please note :
Table 1.3.B
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