Calculate the amount of stationery to be posted to Income and Expenditure Account of Indian Cultural Society for the year ending 31st March, 2018 from the following information:
Particulars | 1.4.2017 Rs. | 31.3.2018 Rs. |
Stock of stationery | 21,000 | 18,000 |
Creditors for stationery | 11,000 | 23,000 |
Stationery purchased during the year ended 31st March, 2018 was Rs. 75,000.
Also, present the relevant items in the Balance Sheet of the society as at 31st March, 2018.
Marks-3, CBSE:2018-19/Main/03/Q-10