12. Income and Expenditure Account of a cricket club shows Rs. 36,000 as the amount of subscription for the year end
31st March, 2018.Subscription outstanding at the end of year was Rs. 8,000. Subscription received in advance at the e
of the year was Rs. 6,000. The amount of subscription to be shown on the receipts side of Receipts and Payments
Account will be
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Option A is correct.
Subscription received for the year 2008-09 = Rs. 30000
Add : Subscription received in advance = Rs. 2000
Amount to be shown in Income and Expenditure Account =
30000+2000
32000.
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