Question

Calculate the amount of stationery to be posted to Income and
Expenditure Account of Indian Cultural Society for the year ending
31st March, 2018 from the following information :
Particulars 1.4.2017
<
31.3.2018
<
Stock of stationery 21,000 18,000
Creditors for stationery 11,000 23,000
Stationery purchased during the year ended 31st March, 2018 was
< 75,000.
Also, present the relevant items in the Balance Sheet of the society as at
31st March, 2018.

Answer 1

first pic is about the solution

second and third pic is the explanation

Answer 2

Answer:

Explanation:

Calculate the amount of stationery to be posted to Income and

Expenditure Account of Indian Cultural Society for the year ending

31st March, 2018

Stationery account

To balance b/d       21000              By  income & expenditure           78000

To Bank                   75000             By  Balance c/d                             18000

                             -----------------                                                            ---------------

                                96000                                                                    96000

Balance sheet  

Liabilities                           Rs                       Assets                                    Rs

credtors  for stationery   23000              sationery stock                 18000