Question

6. Rs. 1,00,000 received as annual subscription. Out of this, Rs. 20,000 is of previous year
whereas Rs. 10,000 is receivable at the end of the current year. Amount of subscription that
will be shown in the Income and Expenditure Account will be:
a) Rs. 1,00,000
b) Rs. 90,000
c). Rs 1,20,000
d.) Rs 80,000​

Answer 1

Answer:

b) Rs. 90,000

Explanation:

1,00,000 - outstanding in beg. + outstanding at end.