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.…
CUET UG 2022 — Accountancy Financial Statements
2022mcqmedium
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.
Official previous-year question
Held on 20 Jul 2022 · Verified 13 Jul 2026.
Options
- A
Rs. 48,000
- B
Rs. 35,000
- C
Rs. 57,000
- D
Rs. 46,000
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