Question

From the following find out the subscription to be shown in the Income and Expenditure a/c for the year ending 31-12-96: Subscription received for 1995-80,subscription received for 1996-4,220. Subscription received for 1997-160. There are 450 members, each paying an annual subscription of RS. 10.Rs.90 were in arrears for 1995 at the beginning of 1996​

Answer 1

Answer:

4500

Explanation:

TYPE 1: 450 members*RS 10=4500

so the answer must be 4500

Next we have already received Rs4220

so, 4500-4220=280  it is the current year o/s

280+90 =240 o/s at end

STEP 2 4460+240-90-160-80=4500