Question

15. The subscription amount shown in the Income and Expenditure Account of Crazy Club is Rs. 62,500 on 31-12-2015. Other information : (a) Subscription outstanding for the year : Rs.19,500 (b) Subscription for 2015 received in advance in 2014 Rs.3,000. What is the amount of subscription received during the year 2015? *
2 points
a-Rs.22,500
b-Rs.46,000
c-Rs.40,000
d-Rs.43,000​

Answer 1

Answer:

the correct answer is option c