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Subscription received during the year ended 31st. December, 2016 by Royal club were as under: 2015 Rs. 3,000 2016 Rs. 93,000 2017 Rs. 2,000 98,000 The club has 500 members each paying Rs. 200 as annual subscription. Subscription outstanding as on 31st. December, 2015 are Rs. 6,000. Calculate the amount of subscription to be shown as income in income and expenditure account for the year ended 31st. December 2016. THERE IS NO MISTAKE THE QUESTION.

Posted by Akshat Vijayvergiya 6 years, 9 months ago

CBSE > Class 12 > Accountancy

1 answers

Diksha Sharma 6 years, 9 months ago

1,00,000 will be shown in income and expenditure account...and 6000 outstanding in opening balance sheet and total 10,000 in closing B.S.,3000 for previous year which are not received yet and 7000 for current year outstanding....

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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