From the following information, calculate the amount of subscription to be shown in the credit of income and expenditure account for the year ending 31st March, 2023:
31st March, 2022 31st March, 2023
Subscriptions in Arrears 20,000 18,000
Subscriptions in Advance 13,000 11,000
In the year ended 31st March, 2023, subscriptions received were ₹ 2,10,000 (including ₹ 6,000 of arrears from previous year) and subscriptions in arrears of previous year were written off ₹ 4,000.
Anurag Pathak Changed status to publish February 6, 2024
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