Calculate the amount of medicines consumed during the year:
Particulars April 01, 2019 (?) March 31, 2020 (?)
Stock of Medicines 3,000 4,200
Creditors of Medicines 1,500 1,000
Payment made for medicines during the year amounted to ?4,500. There was no cash
purchase. All purchases were made on credit.

Solution:
Statement showing medicines consumed during the year
Amount paid for medicines during the year 4500
Add: opening stock 3000
Less: closing stock 4200
Less: opening creditors 1500
Add: closing creditors 1000
Medicines consumed during the year 2800

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