ILLUSTRATION 8.
From the following information calculate the amount of subscriptions to be credited to the
Income & Expenditure Account for the year 2016-17 :
Subscriptions received during the year
Subscriptions outstanding on 31st March, 2016
Subscriptions outstanding on 31st March, 2017
Subscriptions received in Advance on 31-3-2016
Subscriptions received in Advance on 31-3-2017
Subscriptions of 32,000 are still in arrears for the year 2015-16
80,000
26,000
6,000
15,000
10,000
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Explanation:
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Answer:
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