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The following information pertains to a cultural club Stock of tinned...

This question belongs to Commerce Accounting
Accounting
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The following information pertains to a cultural club:
Stock of tinned provisions (as on 1st April 1994) : Rs. 25,000
Purchased during the year : Rs. 1,50,000
Stock of tinned provisions (as on 31st March 1995) : Rs. 50,000
Sale of tinned provisions during the year : Rs. 1,50,000
The amounts to be debited and credited respectively to the Income and Expenditure account would be:

Answer & Solution
Correct Answer: Option C
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