Question

A club is of 150 members. Subscription per member is Rs. 500 per month. Subscription of 8 members of whole year's was not received and subscription from 5 members has been received in advance for six months of the next year. The amount of subscription to be shown in receipt and payment Account will be​

Answer 1

Apr 1, 2015 - members donations, grants-in-aid, income from investments, etc. ... year) and ascertain their income and expenditure and the financial .... receipt and payment has been worked out. .... amount of each receipt and payment is shown in this account. 5. .... 10) subscription amount of Rs.2, 65,000 received.