Question

Q. 46. Receipts and Payments Account of Shimla Sports Club showed that
782,000 were received by way of subscriptions for the year ended on March 31, 2021.
The additional information was as under:
Subscription Outstanding as on March 31, 2020 were 78,400.
Subscription Outstanding as on March 31, 2021 were 59,200
Subscription received in advance as on March 31, 2020 were *3,000.
Subscription received in advance as on March 31, 2021 were *5,000.
Show how the above information would appear in the final accounts for the year
ended on March 31, 2021.
(Ans. Subscriptions Credited to Income and Expenditure Account 80,800.]​

Answer 1

Answer:

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Explanation:

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