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Solutionpurchased during the year ended 31st March, 2020 wasGood Health Sports ClubAN EXTRACT OF INCOME AND EXPENDITURE ACCOUNTfor the year ended 31st March, 2020Expenditure3IncomeTo Stationery Consumed (WN)490.000Working Note:Stationery Consumed (2019-20) = Opening Stock of Stationery + Purchases of Stationery - Closing StockStationery= 80,000+ 34,70.000 - 50.000 = 490,000Since stationery purchased during the year is given, creditors are already adjusted in it andtherefore, no treatment is given to creditors.preparing​

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