Question

Receipts & Payments A/c shows subscriptions collected 7, 64,000; Subscriptions due at the beginning and at the end of the year were 32,800 and 12,600 respectively; Advance subscription received at the beginning of the preceding year was 5,200. The figure of subscription received that would appear in Income & Expenditure A/c will be: 7,49,000 b. a. 7,89,400 C. 7,38,600 d. None of the above & hure.​

Answer 1

Explanation:

Receipts & Payments A/c shows subscriptions collected 7, 64,000; Subscriptions due at the beginning and at the end of the year were 32,800 and 12,600 respectively; Advance subscription received at the beginning of the preceding year was 5,200. The figure of subscription received that would appear in Income & Expenditure A/c will be: 7,49,000 b. a. 7,89,400 C. 7,38,600 d. None of the above & hure.