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Npo query
The following information is provided by a cultural club:
Opening stock of sport goods- 20000/-
Purchase of sport goods during the accounting period- 80000/-
sport goods sold as scrap- 500/-
Closing balance- 30000/-
calculate the amount to be charged to Income and Expenditure Account as SPORTS GOODS CONSUMED?
Replies (1)
Tanya,
the answer is 69500
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