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From the following information of a Not-for-Profit Organisation, show the 'Sports Materials' item in the Income and Expenditure Account for the year ended 31st March, 2019 and Balance Sheets as at 31st March, 2018 and 31st March, 2019: Particulars 31st March, 2018 ₹ 31st March, 2019 ₹ Stocks of Sports Materials 6,200 4,800 Creditors for Sports Materials 9,800 7,200 Advance to Suppliers for Sports Materials 11,000 19,000 Payment to suppliers for Sports Materials during the year was ₹ 1,02,000. There were no cash purchases made. |
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Answer» From the following information of a Not-for-Profit Organisation, show the 'Sports Materials' item in the Income and Expenditure Account for the year ended 31st March, 2019 and Balance Sheets as at 31st March, 2018 and 31st March, 2019:
Payment to suppliers for Sports Materials during the year was ₹ 1,02,000. There were no cash purchases made. |
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