Question

sports club ahemdabad had received in 2011-12 80,000 as subscription. subscription due but not received1-4-11. =5200. subscription received in advance on 1-4-11. =2400. subscription due but not received on31-3 -2012. 4800. subscription received in advance 31 -3-12. =700. what amount will be credited to the income and expenditure account​

Answer 1

Answer:

81300

Explanation:

Total subscription received in 2011-12 =80000

Add:

Sub. received in advance at the begining =2400

Sub. outstanding at the end of year. =4800

87200

Less:

Sub. received in advance at the end. =. 700

Sub. outstanding at the begining of year. =5200

Amount to be credited in I&E account. =81300