Question

19. From the following information, calculate amount of subscriptions to be credited to the income and
Expenditure Account for the year ended 31st March, 2020:
3
1st April, 2019
Subscriptions in Arrears
50.000
Subscriptions Received in Advance
30,000
31st March, 2020 Subscriptions in Arrears
25,000
Subscriptions Received in Advance
70,000
Subscriptions received during the year ended 31st March, 2020-3,00,000.
Subscription still in arrears for the year 2018-19–10,000.​

Answer 1

Answer:

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Explanation:

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