Experts can you tell me the proper answer of this question
Since the formula is opening stock - closing stock and opening creditors - closing creditors
This is the question and answer scheme but according to me the answer should be in this way
Below my answer
The question and answer scheme here
Pls specify the correction
Solution :-
Amount of Medicines consumed during the year 2020-21:
Amount of Medicines consumed during the year 2020-21:
Particulars | Amount |
Cash Purchases of Medicines | 2,00,000 |
(+) Credit Purchases of Medicines | 6,00,000 |
Total Purchases | 8,00,000 |
(+) Opening Stock | 15,00,000 |
(-) Closing Stock | (10,00,000) |
Medicines Consumed during the year | 13,00,000 |