How are the following items dealt in preparing Income and Expenditure Account for the year ended 31st March 2019 and Balance Sheet as at that date ?
`{:(,"As at 1st April 2018 ",,"As at 31st March 2019"),(,Rs,,Rs),("Sundry Expenses Outstanding ","5,000",,"9,000"),("Sundry Expenses paid in Advance", "8,000",, "7,000"):}`
Sundry Expenses paid during the year ended 31st March 2019 Rs. 40,000.

Answer

N/a

Explanation

Working Note :
`" Sundry Expenses paid during the current year "" "40,000`
`" Add: Sundry Expenses paid in Advance (1st April 2018)"" "8,000`
`" Sundry Expenses Outstanding (31st March 2019)"" "9,000" "(17,000)/(57,000)`
`" Less : Sundry Expenses paid in Advance (31st March 2019)"" "7,000`
`" Sundry Expenses Outstanding (1st April 2018)"" "5,000 " "12,000`
`" Sundry Expenses to be debited to Income and Expenditure" A//c " " " "45,000`