Examveda

Subscription received in 1998:
For the year 1997
For the year 1998
For the year 1999
Subscription outstanding on 31st December, 1998 was Rs. 4,000. What amount of subscription will appear in income and Expenditure account of 1998:

A. Rs. 20,000

B. Rs. 19,000

C. Rs. 22,000

D. Rs. 16,000

Answer: Option A


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