Income and Expenditure Account for the year 2016-17 Subscription recieved during the year 80,000 Subscription outstanding on 31" March 2016 326,000 Subscription outstanding on 31st March 2017 6,000 Subscription received in Advance on 31.3.2016 15,000 Subscription received in Advance on 31.3.2017 10,000 Subscription of 2000 are still in arrears for the year 2015-16
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Answer:
235000
Explanation:
80000
-326000
+6000
+15000
-10000
=-235000
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