Calculate the amount of sports material to be transferred to Income and Expenditure Account of Raman Bhalla Sports Club, Ludhiana, for the year ended 31st March, 2019:
Particulars
Sports material sold during the year (Book Value 50,000
Amount paid to creditors for sports materials a
Cash purchase of sports material
(iv) Sports material as on 31st March, 2018
(v) Sports material as on 31st March, 2019
tv Creditors for sports material as on 31st March, 2018
vil Creditors for sports material as on 31st March, 2019
56,000
91,000 40,000
50,000
55,000
37,000
45,000
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