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How are the following dealt with while preparing the final accounts for the year ended 31st March 2019 ? ,

Additional Information :
Sports Material in Hand on 31st march 2019 -Rs. 22,000.

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The correct Answer is:
Sports material consumed debited to income and Expenditure `A//C`-Rs 1,20,000 Stock of sports Materials (Assets side of Balance sheet (31st march ,2019) -Rs. 22,000; Puchases of sports Materials -Rs 1,34,000
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TS GREWAL-FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ORGANISATIONS-Exercise
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