Question

There are 200 members, each paying an annual subscription of 7 1,000; subscription received during the year 7 1,95,000; subscriptions received in advance at the beginning of the year 73,000 and at the end of the year 72,000. – Amount shown in Income & Expenditure Account will be :
(A) ₹2,00,000
(B) ₹1,96,000
(C) ₹1,94,000
(D) ₹2,01,000​

Answer 1

Answer:

There are 200 members, each paying an annual subscription of Rs 1,000, subscription received during the year Rs 1,95,000, subscriptions received in advance at the beginning of the year Rs 3,000 and at the end of the year Rs 2,000. Amount shown in Income & Expenditure Account will be :