Question

Q. 42. From the following information, calculate the amount of subscription to be
credited in the Income and Expenditure Account of Bharat Sports Club for the year
ending 31.3.2018.
Particulars
For the year
For the year
ended 31st
March, 2017
ended 31st
March, 2018
Z
Advance Subscription
8,000
9,500
Outstanding Subscription
7,000
12,500
During the year, the club received 31,20,000 as subscription which included
*5,000 for the year ending 31st March, 2017,
(C.B.S.E. 2019)
Ans Sub
7​

Answer 1

Answer:

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