Purchases = Payment + Closing Creditors - Opening Creditors = 46,000 + 5,000 - 18,000 = 33,000. Sports Materials Consumed = Opening Stock + Purchases - Closing Stock = 8,000 + 33,000 - 6,000 = 35,000.
The Receipts and Payments Account of Lead Sports Club showed payment for sports materials as Rs. 46,000 for the year ended 31st March 2022.
Additional Information provided is as follows :
| Details | 31st March 2021 | 31st March 2022 |
|---|---|---|
| Stock of sports Materials | Rs. 8,000 | Rs. 6,000 |
| Creditors | Rs. 18,000 | Rs. 5,000 |
Calculate the amount of Sports Materials consumed during the year ended 31st March 2022.
Held on 20 Jul 2022 · Verified 13 Jul 2026.
Rs. 48,000
Rs. 35,000
Rs. 57,000
Rs. 46,000
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