Question

from the following calculate the amount to be shown in income and expenditure account during 1994-1995

subscription in 1994-1995 for
1993-1994 = 10000
1994-1995=90000
1995-1996= 8000
outstanding 1993-1994=15000
outstanding in 1995-1995=20000
received in advance for
1994-1995=13000
1995-1996=4000​

Answer 1

Explanation:

subscription for the year 1994-1995

subscription for year 1995 = 90000

less outstanding subscription = 15000

1993-1994

advanced 1995-1996 = 4000

add: outstanding 1995 = 20000

advance 1994-1995 = 13000

subscription = 1,04,000

subscription is 1,04,000