NPO

Accountancy

What will be treatment of Establishment (includes Rs.400 for 2013) of Payments side of Peceipt and Payments Account in Income and Expenditure Account ? Sir please reply

Aditya Birla

CBSE XI

★ 4K+

08-Nov-21 11:13

572

Answers (1)

Best Answer

It indicates some expenditure for establishment. So, in I&E, you will show expenditure of Rs. 5,600 as Rs.400 relates to next year which will go in Assets side

Sahibdeep Singh

CA Inter

★ 14K+

08-Nov-21 12:10

Your Reply

Helping students crack CA, CFA & ACCA since 2017. 14,000+ students have trusted us for the best CA,CFA, ACCA online classes. Learn from the best CA, CFA faculty, access top-quality content and clear your exams with confidence

NPO

Your Reply

Company

Information

Offerings