[ISC] Q 10 NPO Solution TS Grewal (2022-23) Class 11

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Solution of Question number 10 NPO Chapter TS Grewal class 11 ISC Board for 2022-23 Session?

On the basis of information given below, calculate the amount of medicines to be debited to the Income & Expenditure Account of Good Health Hospital for the year ended 31st March, 2021:

Particulars1st April,
2020 (₹)
31st March,
2021 (₹)
Stock of Medicines
Creditors for Medicines
1,75,750
15,06,900
1,44,650
18,20,700

Medicines purchased during the year ended 31st March, 2021 were ₹ 60,80,700.

Solution:-

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