Question

Not for Profit concern for the year
ending 31s march, 2019
Where does the effect belongs to and
what will be the effect:
1) Picnic receipt is 3,450. Outstanding
picnic receipts Rs. 2,550. Find total
picnic receipts?​

Answer 1

Answer:

in income and expenditure account picnic receipt is 3450+2550=6000

in receipt s and payments account it is 3450