Question

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
recorded in Income and
Expenditure Alcof
current year and on
which side?​

Answer 1

Explanation:

please bear with my handwriting.

Hope this will be helpful

Answer 2

Answer:

Explanation:

Rs 5,04,000

Rs 5,06,000

Rs 4,96,000

Rs 4,94,000