Question

Calculate the amount that will be posted to the income and Expenditure Account for the year ended 31st March, 2018:

Answer 1

HEYA MATE YOUR ANSWER IS

The amount will be posted on the income will be 570000

Answer 2

Explanation:

To calculate the income and expenditure amount for the year ending the opening balance is added and closing balance is deducted of the stock. Similarly the advance is also calculated. the creditors closing balance is added and the opening balance is deducted. The final balance derived to be posted in income and expenditure account are Rs1,25,000.