Calculation of Amount Spent on consumable item:

Consumable item are those item which are consumed during the process of their use like, Medicine, Stationery, Sports material etc.

In Case of non-profit organization the amount spent on item consumed during the year is shown in the expenditure side of Income & Expenditure A/C:-

Formula:

Particular/Expenditure	Amount
Amount paid for Consumable items Add: Opening stock of Consumable items(Beginning of current year) Opening Advance Paid to supplier Consumable items (Beginning of current year) Closing creditor of Consumable items (End of current year)	Xxx Xxx Xxx Xxx
Less:      1. Closing stock of Consumable items (End of current year) 2. Closing Advance Paid to suppliers of Consumable items y(end  of current year) 3. Opening creditor of Consumable items (Beginning  of current year)	Xxx Xxx Xxx xxx
Amount spent on Stationery Consumed during current Year to be shown in expenditure side of Income and Expenditure A/c	XXX