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in Accounting for Non-Trading Organisations and Professional Persons by (63.4k points)

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.

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                 Income & Expenditure Account (As on 31.3.2017)

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