Question

There are 500 members in a club each paying 100 as annual subscription. Subscription
due but not received for the current year is 200. Subscription received in advance is
300. Find out the amount of subscription to be shown in the income and expenditure
account.
Jou
(a)
*49,800
(b)
50,000
(c)
50,200
(d)
*49,900
[$(5045 / Turn o​

Answer 1

Answer:

49,900

Explanation:

Subscription for the year 500*100 - 50000

Add: Outstanding Sub 200

Total - 50200

Less: Received in advance. 300

Subscription to be credited. 49,900