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What is the treatment of store …

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What is the treatment of store consumed in final account

    • Posted by Mohd Aqeel 5 years, 11 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Yogita Ingle 5 years, 11 months ago

    Stores consumed basically means the consumption of consumable items.

    For example: In a sports club, sports items are consumable items.

    In a library, magazines are consumable items.
    It is a trading expense and it is shown on debit side of Trading Account.

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