Subscription received during the year is ₹20,000;amount received in advance for next year is ₹1,200; amount outstanding for the current year is ₹1,600.amount of subscription to be credited to the income and expenditure is:
(A)16,000
(B)20,400
(C)16,800
(D)18,400
Answers
Answered by
0
Answer:
It answer is 20,400 because if we will add all then the answer will be 20,400 because it is asking for the income
Answered by
1
Answer:
20,400
Explanation:
Subscription received during the year = ₹ 20,000
(-) Received in Advance for next year = ₹ (1,200)
(+) Out standing for current year = ₹ 1,600
Amount credited to Income and expenditure a/c = ₹20,400
Option (B) is the right answer
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