Subscriptions amounting to Rs. 7,500 appear on the credit side of income and expenditure account after adjusting subscriptions out standing Rs. 600 and subscriptions received in advance Rs. 450. The amount of subscriptions to be shown in the receipts and payments account for the same year will be:
A. Rs. 6,450
B. Rs. 7,350
C. Rs. 7,650
D. Rs. 8,550
Answer: Option B
This Question Belongs to Commerce >> Accounting
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