Student CMA
72 Points
Joined October 2012
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?
CAclubindia
