From the following information calculate the amount of Subscription to be shown in
income and expenditure account for the year ending on 31-12-2010.
For the Year
Subscription received
2009
2011
800
600
2010
14,000
Subscription outstanding for 2010 was 500.
Answers
Answered by
1
Answer:
current year + outstanding of current year
=14000+500=14500
Note:- if its given with word "Include" than we will deduct previous year and future year amount from current year..so thw anwer would be
current year-prev year-future year+outstanding of current year
=14000-800-600+500= 13,100
Similar questions