Subscriptions outstanding 31st December, 1993 Rs. 200
Subscriptions received in advance in year 1993:
1994 ⇔ 300
1995 ⇔ 100
Total subscriptions received during 1994 Rs. 5,800
Subscriptions outstanding on 31st December, 1994:
1993 ⇔ 50
1994 ⇔ 250
Subscriptions received in advance in 1994:
1995 ⇔ 350
1996 ⇔ 150
Subscriptions to be shown in Income and Expenditure Account for the year ended 31st December, 1994 is:
A. Rs. 5,600
B. Rs. 5,700
C. Rs. 5,800
D. Rs. 5,900
Answer: Option B
This Question Belongs to Commerce >> Accounting
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