How will you deal with the following item while preparing the Income a

1.	How will you deal with the following item while preparing the Income and Expenditure Account for the year ending on March 31, 2016, and a Balance sheet as on that date in cash of the following case? As at 1-4-2015As at 31-3-2016(Rs)(Rs)Creditors for sports materials2,0001,300Stock of sports materials3,000 500
Answer» How will you deal with the following item while preparing the Income and Expenditure Account for the year ending on March 31, 2016, and a Balance sheet as on that date in cash of the following case? $\begin{matrix} As at 1-4-2015 & As at 31-3-2016 (Rs) & (Rs) Creditors for sports materials & 2, 000 & 1, 300 Stock of sports materials & 3, 000 & 500 \end{matrix}$

How will you deal with the following item while preparing the Income and Expenditure Account for the year ending on March 31, 2016, and a Balance sheet as on that date in cash of the following case? As at 1-4-2015As at 31-3-2016(Rs)(Rs)Creditors for sports materials2,0001,300Stock of sports materials3,000 500

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How will you deal with the following item while preparing the Income and Expenditure Account for the year ending on March 31, 2016, and a Balance sheet as on that date in cash of the following case?

$\begin{matrix} As at 1-4-2015 & As at 31-3-2016 (Rs) & (Rs) Creditors for sports materials & 2, 000 & 1, 300 Stock of sports materials & 3, 000 & 500 \end{matrix}$

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