Q2585
The following information pertains to a cultural club: Stock of tinned provisions (as on 1st April 1994) : Rs. 25,000 Purchased during the year : Rs. 1,50,000 Stock of tinned provisions (as on 31st March 1995) : Rs. 50,000 Sale of tinned provisions during the year : Rs. 1,50,000 The amounts to be debited and credited respectively to the Income and Expenditure account would be:
A.
Rs. 1,75,000 and Rs. 1,50,000
B.
Rs. 1,25,000 and Rs. 1,75,000
C.
Rs. 1,25,000 and Rs. 1,50,000
AnswerD.
Rs. 1,75,000 and Rs. 1,25,000
Answer: Option C
Solution
Answer: Option C
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