Opening stock of sports materials was Rs 3,000, purchases during the year Rs 9,000 and closing stock Rs 4,000. The amount debited to the income and expenditure account is:

1. Only the materials actually consumed during the year are an expense of that year. 2. Consumption equals opening stock plus purchases minus closing stock. 3. Substituting, that is Rs 3,000 plus Rs 9,000 minus Rs 4,000. 4. The consumption is therefore Rs 8,000, and this is the figure debited. 5. The closing stock of Rs 4,000 goes to the assets side of the balance sheet. 6. Option A debits the purchases alone, ignoring both stocks, which overstates the expense. _Source: TN HSC Class 12 Accountancy (Samacheer Kalvi, Govt of Tamil Nadu), Unit 2 "Accounts of Not-for-Profit Organisation", Illustration 13_