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प्रश्न
The following is the extract of the Receipts and Payments Account of the Rajasthan Society for the year ending 31st December 2021.
| Receipts | Amount (₹) |
Payments | Amount (₹) |
| By medicine | 18,000 |
A bill of medicine purchased during the year amounting to ₹ 2,000 was outstanding. The amount debited to the Income and Expenditure Account will be:
पर्याय
₹ 18,000
₹ 20,000
₹ 16,000
₹ 2,000
MCQ
उत्तर
₹ 20,000
Explanation:
When no closing stock of medicines is given under adjustment, then, the full amount of ₹ 20,000 (₹ 18,000 + ₹ 2,000) is treated as consumed and hence is shown on the debit side of Income and Expenditure Account.
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Preparation of Income and Expenditure Account
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