calculate the amount of stationery debited to Income and expenditure a/c 31st dec 2005
Amount paid for stationery during 2005 2200
Add advance payment at the end of 2004 100
Add creditors for stationery on 31-12-2005 300
less creditors for stationery on 1-1-2005 300
stationery to be debited to income and expenditure a/c 2300
i got the answer but still have the problem with these entries are confusing why we are adding "creditors as it is made at the end date and please can anybody give me more detail about this subscripttttion dates i am confusing .....please please help me
CAclubindia
