How will be the following shown in the final accounts of a sports club for the year ended 31st March, 2023?
How will be the following shown in the final accounts of a sports club for the year ended 31st March, 2023?
Additional Information:
Receipts & Payments Account for the year ended 31st March, 2023
| Receipts | ₹ | Payments | ₹ |
| To Sale of Sports Materials (Book value ₹ 20,000) | 26,000 | By Creditors for Sports Materials By Cash purchase of Sports Materials | 61,000 10,000 |
| As at 31st March, 2022 (₹) | As at 31st March, 2023 (₹) | |
| Sports Materials Creditors for Sports Materials | 20,000 7,000 | 25,000 15,000 |
Anurag Pathak Changed status to publish February 7, 2024
