Calculate the amount of sundry expenses which is shown in income and expenditure account for the year ending 31st March, 2017 and balance sheet on that date. From the following information :
Particulars |
1-4-16 (Rs) |
31-3-17 (Rs) |
Prepaid sundry expenses |
100 |
200 |
Outstanding sundry expenses |
500 |
400 |
Sundry expenses paid during the year Rs 5,000.