Question

During the year ended 31st march 2020 subscription received by the jaipur literacy society were 4,20,000 these subscriptions include 14,000 received for the year ended 31 march 2019 on 31 March 2020 subscription due but not received were 10,000 what amount should be credited to income and expenditure account for the year ended 31 march 2020 as subscriptions​

Answer 1

Answer:

4,16,000.

I have done in accounts format. you can also do it in statement format