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:
A. Rs. 7,000
B. Rs. 7,250
C. Rs. 7,900
D. Rs. 8,150
Answer: Option B
This Question Belongs to Commerce >> Accounting
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