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During the year ended 31st March 2020, subscription received were Rs. 4,50,000. These subscriptions include Rs.15,000 for the year ended 31 March 2019, and Rs. 20,000 for the year ended 31 March 2021. On 31 March 2020, subscription due but not received were Rs. 25,000. Corresponding amount on 1 April 2019 was Rs. 19,000. Determine the amount that should be credited to Income and expenditure A/c as subscription for the year ended 31st March 2020. |
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Answer» Answer: |
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