A club has 400 members each paying an annual subscription of Rs. 300. On 31st March, 2019 Advance Subscription is Rs. 2,000 and Outstanding Subscription is Rs. 7,000. Income and expenditure will be credited by as subscription for the year ended 31st March, 2019.
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6
Answer:
subscription credited to income and expenditure account = 400×300 = 1,20,000
opening balance sheet liabilities side 2000
opening balance sheet asset side 7000
Answered by
0
Answer:
400000
Explanation:
A club has 400 members each paying an annual subscription of Rs. 300. On 31st March, 2019 Advance Subscription is Rs. 2,000 and Outstanding Subscription is Rs. 7,000. Income and expenditure will be credited by as subscription for the year ended 31st March, 2019.
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