Question

prepaid expenses 1-4-14 1050
prepaid expenses 31-3-15
1365
outstanding expenses 1-4-14
630
outstanding expenses 31-3-15
1806
also show the extract of balance as or 31-3-15 and 1-4-15
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Answer 1

Answer:

Explanation:

WHICH EXPENCE PAID DURING THE YEAR IS NOT GIVEN IN YOUR QUESTION ITS YOUR MISTAKE

I WILL SHOW YOU HOW TO TREATED THE GIVEN ADJUSTMENTS

OUTSTADING ON CLOSING     -  ADD

OUTSTANDING ON OPENING  -   SUBTRACT

OPENING PREPAID                  -     ADD

CLOSING PREPAID                  -     SUBTRACT

OPENING ADVANCE              -ADD

CLOSING ADVANCE              - SUBTRACT