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Commerce · Q2307

Accounting

Graduate and Post Graduate · Commerce · question 2307

Q2307

Stock of stationery on 1st January 1991- Rs. 300, creditors for stationery on 31st December 1991- Rs. 130, payment for stationery during 1991- Rs. 1,080, stock of stationary on 31st December 1991- Rs. 50. What amount on account of stationery will be posted to income and expenditure A/c:

A.
Rs. 1,080
B.
Rs. 1,510
C.
Rs. 1,330
D.
Rs. 1460
Answer

Answer: Option D

Solution

Answer: Option D
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