Calculate the amount of subscriptions which must be shown in Income and Ezpenditure Account on 31st March 2020. Particulars Amount Subscription received during the year 80,000 Subscription March 2019 26,000 Subscription in Arrears for 31st March 2020 6,000 Subscription received in advance 2019. 15,000 Subscription received in advance on 31st March 2020. 10,000 Subscriptions of Rs.12,000 are still in Arrears for the year 2019.
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Answer:
Subscription in arrears as on 01-04-2019 40000
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Explanation:
Subscription in arrears as on 01-04-2019 40000
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