Inanda retailers had R146 700 consumable stores on hand at the beginning of the year, and a closing balance of R 55 790 at year end. What will be the journal entry to account for consumable stores expenses. What is the double entry accounting effect of this transaction?





a.
 Dr. consumable stores assets R 146 700, CR. Bank R 1 476 700


b.
Dr. consumable stored expense R35790 CR. Consumable stores assets R 35 790


c.
Dr. consumable stores expense R 110 910 CR. Consumable stores assets R 110 910


d.
Dr. consumable stores assets R 110 910 CR. Consumable stores assets R 110 910