If Rs. 3,000 was outstanding at the beginning of the year towards subscription, and Rs. 20,000 is received during the year, with Rs. 5,000 still outstanding at the end of the year, the amount to be taken to Income and Expenditure Account will be:
A. Rs. 22,000
B. Rs. 17,000
C. Rs. 20,000
D. Rs. 28,000
Answer: Option A
This Question Belongs to Commerce >> Accounting
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