The literary society of Chennai had received in 2015-16 60000 towards subscription. subscription for 2014-2015 unpaid on 1-4-15 were 4000 ,3800 of which were received in 2015-2016 subscription paid in advance on 31 -3-15 1600 and on the same on 31-3-16 were 2100. subscription for 2015-16 unpaid on 31-3-16 were 5100. what amount will be credited to the income and expenditure account
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1
Answer:
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Answer:
Total subscriptions 21000×200 members =200000
T. subscription recived =2,05,000
(-) Subscriptions o/s (op) (30,000)
(-) Subscriptions rec. in adv (40,000)
(closing)
1,49,000
T. subscription (2,00,000)
o.s as on 31st, march 17
51,000
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