Question

Q4. In 2009 the subscription received were Rs.21,000. These subscription include
Rs.300 for 2008 and Rs.400 for 2010. On 31" December 2009 subscription due
but not received were Rs.500. The corresponding amount on 1" January, 2009
was Rs.600. What amounts should be credited to the Income and Expenditure
Account as subscriptions for the year 2009?​

Answer 1

Answer:

20800

Explanation:

Subscription received 21000

(-) outstand (2008) 300

(-) prereceived (2010) 400

(+) outstand (2009) 500