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Calculate subscriptions to be shown in …

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Calculate subscriptions to be shown in income and expenditure account by given information for year March 31 2007 Subscriptions 2005-06 = 7000 2006-07 =30000 2007-08 =5000 Subscriptions outstanding March 31,2006 85000 Total subscriptions outstanding March 31, 2007 18500 Subscriptions received in advance as on March 31,2006 4000

Posted by Aishwarya Chabba 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Rajip Chowdhury 6 years, 10 months ago

Subscription =30000(for the current year)+17000(18500 total subscription -1500 for last year)+4000 as opening advance=51000.i think opening outstanding given is wrong it will be 8500 not 85000.

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