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Payment made for stationary during the year 2021 - 22 is Rs. 46,000.

Stock of stationary as on 1-4-2021 Rs. 8,000

Stock of stationary as on 31-3-2022 Rs. 6,000

Advance for stationary as on 1-4-2021 Rs. 18,000

Advance for stationary as on 31-3-2022 Rs. 5,000

What will be the amount of stationary consumed during the year 2021 - 22 ?

Solution

✅ Correct Option: 1

Purchases = Payment + Opening Advance - Closing Advance = 46,000 + 18,000 - 5,000 = 59,000. Consumption = Opening Stock + Purchases - Closing Stock = 8,000 + 59,000 - 6,000 = 61,000.

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