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During the Year 2004 the income from subscription was Rs 4...

This question belongs to Commerce Accounting
Accounting
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During the Year 2004, the income from subscription was Rs. 4,500, subscription received in advance Rs. 360. On 31st December 2004, the outstanding subscription was Rs. 140. The amount of subscription to be shown in Receipts and Payments a/c for the year 2004 would be

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Correct Answer: Option D
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4 Comments
Shehina Firoz
Shehina Firoz 1 year ago
4500-360+140=4280
Answer is 4280
Mandeep Pandey
Mandeep Pandey 2 years ago
Correct answer is 4500 because in receipt and payment account there is no difference either related to current year or not
Kanchan Mittal
Kanchan Mittal 2 years ago
4500+360-140=4720
Mehwish Soomro
Mehwish Soomro 2 years ago
correct answer is 4000.
The amount of subscription to be shown in Receipts and Payments a/c for the year 2004 would be 4500-360-140=4000
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