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​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 Medicines 1,50,000 Additional information : As at 1st April, 2017 (₹) As at 31st March, 2018 (₹) Stock of Medicines 50,000 75,000 Creditors for Medicines 40,000 60,000

Answer» ​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 Medicines 1,50,000





















Additional information :


















As at 1st April, 2017 (₹) As at 31st March, 2018 (₹)
Stock of Medicines 50,000 75,000
Creditors for Medicines 40,000 60,000





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