Not for profit organisation

Question

Calculate the amount to be posted to the Income and Expenditure Account.

Particulars                                                1-1-10                                 31-12-10

Stock of Stationery                                     400                                        500

Creditors for stationery outstanding           300                                         600

Amount to creditors for stationery during the year 2010 - Rs. 3,200 /-

Cash Purchase of stationery during the year 2010 - Rs. 1,300 /-