11.How will be the following items dealt in preparing thee Income and Expenditure Account for the year ended 31st March, 2020 and the Balance Sheet as on that date. 1 st April, 2019 () 31st March, 2020 () Creditors for sports materials 11,500 29,500 Stock of sports materials 37,500 76,000 During the year 2019-20, the payment made to these creditors amounted to 1,42,000 and cash purchases amounted to 40,000.