Question

LILULUI
oldulohery as at 31st March, 2020
29. 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:


Sports material sold during the year (Book Value 50,000)
Amount paid to creditors for sports materials
Cash purchase of sports material
Sports material as on 31st March, 2018
Sports material as on 31st March, 2019
Creditors for sports material as on 31st March, 2018
Creditors for sports material as on 31st March, 2019
(iv)
(v)
(vi)
(vii)
0
40,000
50,000
55,000
37,000
45,000
(CBSE Sample Paper 2018, Modified)​

Answer 1

Explanation:

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