Question

On the basis of the following information calculate the amount of stationery to beshown in Income & Expenditure account: Particulars 1.4.2017 (₹) 31.3.2018(₹) Stock of stationery 21000 18000 Creditors for stationery 11000 23000 Stationery purchased during the year ended 31.3.2018 was ₹75000. Or From the following information calculate the sports material to be shown in Income & Expenditure account: Particulars 1.4.2017 (₹) 31.3.2018(₹) Stock ofsports material 2200 5800 Creditors for sports material 7800 9200 Advance to suppliers for sports material 15000 25000 Payment to suppliers for sports material was ₹120000and there were cash purchase for ₹40000 during the year​

Answer 1

Answer:

Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. ... The terms "accounting" and "financial reporting" are often used as synonyms.

Explanation:

answer is in attachment

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