Question

Question 12. What amount will be credited to the Income and Expenditure Account for the year ending 31st March, 2019 on the basis of the following information :





Subscriptions received during the year 2018-19 were 5,00,000.
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Answer 1

Answer:

Hope this one helps.

I've prepared a subscription account separately for you better understanding, However the amount to be credited in I&E is your worth, rather other things should be posted to opening and closing balance sheet