Question

Show how the following items appear in the income and expenditure account of Sirkazhi Singers Association?

Particulars	₹
Stock of stationery on 1.4.2018	2,600
Purchase of stationery during the year	6,500
Stock of stationery on 31.3.2019	2,200

Answer 1

Dr.	Income and Expenditure Account for the year ended 31.03.18			Cr.
Expenses	₹	₹	Income	₹
To Purchase of stationery	6,500
(+) Opening stock	2,600
	9,100
(−) Closing stock	2,200	6,900