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From the following information calculate the amount of subscriptions to be credited to the Income & Expenditure Account for the year 2016-17: Rs Subscriptions received during the year80,000Subscriptions outstanding on 31st March, 201626,000Subscriptions outstanding on 31st March, 20176,000Subscriptions received in Advance on 31-3-201615,000Subscriptions received in Advance on 31-3-201710,000Subscriptions of Rs 2,000 are still in arrears for the year 2015-16 |
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Answer» From the following information calculate the amount of subscriptions to be credited to the Income & Expenditure Account for the year 2016-17: Rs Subscriptions received during the year80,000Subscriptions outstanding on 31st March, 201626,000Subscriptions outstanding on 31st March, 20176,000Subscriptions received in Advance on 31-3-201615,000Subscriptions received in Advance on 31-3-201710,000Subscriptions of Rs 2,000 are still in arrears for the year 2015-16 |
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