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​How are the following dealt with while preparing the final accounts for the year ended 31st March, 2019? RECEIPTS AND PAYMENTS ACCOUNT (AN EXTRACT) for the year ended 31st March, 2019 Dr. Cr. Receipts ₹ Payments ₹ ​By Payments for Medicines 1,50,000 Additional information : As at 1st April, 2018 (₹) As at 31st March, 2019 (₹) Stock of Medicines 50,000 75,000 Creditors for Medicines 40,000 60,000

Answer» ​How are the following dealt with while preparing the final accounts for the year ended 31st March, 2019?






































RECEIPTS AND PAYMENTS ACCOUNT (AN EXTRACT)

for the year ended 31st March, 2019



Dr.




Cr.
Receipts

Payments








​By Payments for Medicines 1,50,000







Additional information :



















As at 1st April, 2018

(₹)
As at 31st March, 2019

(₹)
Stock of Medicines 50,000 75,000
Creditors for Medicines 40,000 60,000





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