Question

There are 300 members of a club each paying an annual subscription of Rs.100.

Subscription received during the year was Rs,25,000 and subscription received in advance at

the beginning of the year was Rs.2,000. What amount will be credited to income and

expenditure account?

(a) Rs.30,000 (b) Rs.55,000 (c) Rs.57,000 (d) Rs 53,000 ​

Answer 1

Answer:

Subscription received during the year

= 25000

(+) subscription received

in beginning of the year = ,2000

(+) outstanding subscription

at the of the year. = 3000

....= 30000

30000 is the answer