Subscription received during the year Rs 50000; subscription outstanding at the end of the year Rs 8000;subscription outstanding at the beginning of the year is RS 6000. What will be the Net income from the subscription.
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Answer:
first of all imagine there is a year 2016-2017 then the beginning year as 2016 and end of the year as 2017
then now...
Explanation:
subscription - 50000
Less (outstanding
2017 ) - 8000
________
62000
add ( C. Y
outstanding) - 6000
________
68000
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