How will the following items appear in the final accounts of a club for the year ending 31st March 2017? A club received subscription of Rs.25,000 during the year 2016-17.This includes subscription of Rs.2,000 for 2015-16 and Rs.1,500 for the year 2017-18.Subscription of Rs.500 is still outstanding for the year 2016-17.
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Answer:
HERE
Explanation:
second entry will be in balance sheet
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