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How are the following dealt with while preparing the final accounts for the year ended 31st , 2019? RECEIPTS AND PAYMENTS ACCOUNT (AN EXTRACT) for the year ended 31st March, 2019 Dr. Cr. Receipts ₹ Payments ₹ By Payments for Sports Material 1,40,000 BALANCE SHEET (AN EXTRACT) as at 1st April, 2018 Liabilities ₹ Assets ₹ Creditors for Sports Materials 6,000 Sports Materials 8,000 Additional information :Sports Materials in Hand on 31st March, 2019 – ₹ 22,000. |
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Answer» How are the following dealt with while preparing the final accounts for the year ended 31st , 2019?
Additional information : Sports Materials in Hand on 31st March, 2019 – ₹ 22,000. |
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