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Given subscription received in 1990 For the year 1989 - Rs...

This question belongs to Commerce Accounting
Accounting
?

Given, subscription received in 1990:
For the year 1989 - Rs. 500
For the year 1990 - Rs. 7,000
For the year 1991 - Rs. 400
1990 - subscription outstanding on 31st December 1990 : Rs. 250
The amount of subscription to be posted to income and expenditure account of 1990 is:

Answer & Solution
Correct Answer: Option B
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