DOUBT: in NPO problem it is given in quetion in receipt and payment account that repair for period ended 31 dec 2010 that repair to equipment RS 50,000. and in additional information is also given that following detail
1jan,2010 | DEC 31,2010 | |
cheque unpresented being payment for repairs |
300 | 260 |
what is treatment of above in preparing income and expenditure account for the year ended 31dec 2010.kindly explain me bcoz iam really confused for this