17 January 2011
What is the treatment in Npo if opening balance and closing balance of stamps given in Receipt and payment account and expenses of postage given in payment side of Receipt and payment account.
E.g. Receipts Payment To b/d Postage exp Rs.1000 stamps Rs.50 By c/d Stamps Rs.20 Please give me the solution and reason because in book the solution is not understandable.
CAclubindia
