Question

what amount will be credited to the income and expenditure account for the year ended 31 march 2016 outstanding subscription 1-4-2015 15000 31-3-2016 18000. subscription received during the year 2015-2016 183000​

Answer 1

Answer:

Amount credited to income and expenditure account

subscription received = 183000

(-) subscription outstanding

in 1.4.2015. =. 15000

(+) subscription outstanding

on31.3.2016. = 18000

= 186000