Q. 10. As per Receipts and Payments Account for the year ended on March 31,
2017, the subscriptions received were 86,00,000, Additional Information given is as
follows:
1. Subscriptions outstanding on 1-4-2016 260,000,
2. Subscriptions outstanding on 31-3-2017 340,000,
3. Subscriptions Received in Advance as on 1-4-2016 32,000,
4. Subscriptions Received in Advance as on 31-3-2017 338,000,
Ascertain the amount of income from subscriptions for the year 2016-17 and show
how relevant items of subscriptions will appear in opening and closing balance sheets.
[Ans. Subscription credited to Income and Expenditure Account 5,74,000.]
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is this a question??? sorry but can't understand
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