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10. Following information is provided by Vinod Welfare Club on 31^ ,+1 March 2021: Receipts and Payments Account (Extract) Receipts Amount Payments Amount 201 * 20 Subscriptions: 7.500 2020-21 2.50.000 2021-22 6.000 2.63.500 Subscription received in advance on 31.3.2020 7.000 Subscription in Arrears on 31.3.2020 12.500 Total subscription in arrears on 31.3.2021 30.000 Calculate the amount of subscription to be shown in income and expenditure account and show the relevant data in the Balance Sheet of the year 2020 and 2021.

Posted by Saneel Negi 2 years, 9 months ago

CBSE > Class 12 > Accountancy

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