Question

Subscription for the year ended 31.3.2020 is Rs. 2,10,000 and which includes Rs. 10,000 subscription outstanding
for the year 2018-19 and Rs. 20,000 subscriptions are still outstanding for current year. What amount will be
shown in income and expenditure account?
A Rs. 2,15,000
B.Rs. 2,20,000
C Rs. 2,00,000
D.Rs. 2,30,000​

Answer 1

Answer:

amount shown in income and expenditure account is 220000

received during the year. 210000

less outstanding previous (10000)

add current year outstanding 20000

220000