Question

2

25. There are 200 members, each paying an annual
subscription of 1,000; subscription received during the
year 1,95,000; subscriptions received in advance at
the beginning of the year 3,000 and at the end of the
year 2,000.- Amount shown in Income & Expenditure
Account will be :
(A) 2,00,000
(B) 1,96,000
(C) 1,94,000
(D) 2,01,000​

Answer 1

Answer:

(A) - 2,00,000

Explanation:

Advance Subscription at beginning of year : 3,000

Subscription during the year : 1,95,000

Subscription at end of the year : 2,000

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Total Subscription in that year : 2,00,000