Question

Literary Society of Mumbai had received 6+6

Rs. 60,000 in 2010 towards subscription.

Further information is :

Subscription for 2009 unpaid on 1.1.2010

were Rs. 4000, Rs. 3800 of which were

received in 2010. Subscription paid in

advance on 31.12.2009 were Rs. 1600 and

the same on 31.12.2010 were Rs. 2100.

Subscription for 2010 unpaid on 31.12.2010

were Rs. 5,100. What amount of

subscription will be credited to Income and

Expenditures account of the year 2010.

(b) What is meant by Receipts and Payments

Account ? In what respect does it differ

from Income and Expenditure A/C.

Answer 1

according to pysphology I don't know this answer at all