​How are the following dealt with while preparing the final accounts for the year ended 31st March , 2018? RECEIPTS AND PAYMENTS ACCOUNT ( AN EXTRACT ) for the year ended 31ST March, 2018 Dr. Cr. Receipts ₹ Payments ₹ ​By Payments for Sports Material 1,40,000 BALANCE SHEET (AN EXTRACT) as at 1st April, 2017 Liabilities ₹ Assets ₹ ​ Creditors foe Sports Materials 6,000 Sports Materials 8,000 Additional information :(i) Sports Materials in Hand on 31st March, 2018—₹ 22,000