Subscription received
in cash during the
current year 2020
amounting to Rs.
20,000, subscription
outstanding at the end
of last year 2019 is
Rs.1500 and
outstanding at the end
of the year 2020 is Rs.
3100. Subscription
received in advance for
the year 2021 is Rs. 1000.
How much amount of
subscription will be
Answers
Answered by
0
Answer:
Subsription received in cash during the year amounted to Rs 5,00,000, subscription outstanding at the end of previous year was Rs 20,000 and outstanding at the end of current year was Rs 25,000. Subscription received in advance for next year was Rs 8,000 and received in advance during previous year was Rs 7,000. The amount credited to Income & Expenditure Account will be :
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Text Solution
Rs 5,04,000
Rs 5,06,000
Rs 4,96,000
Rs 4,94,000
Answer :
A
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