Question

There are 500 members, each paying an
annual subscription of Rs 1,000;
Subscription received during the year Rs
4,95,000; Subscriptions received in
advance at the beginning of the year Rs
10,000 and at the end of the year Rs 9,000.
calculate the amount to be shown in
Income and Expenditure Account?​

Answer 1

Answer:

there are 5 members each paying and annual subscription of rupees thousand subscription received during the year rupees 495000 subscription received in advance at the beginning of year rupees 10000 and at the end of year rupees 9000 amount shown in income and expenditure method