Q. Income & Expenditure A/c shows subscriptions `10,000; Subscriptions accrued in the beginning of the year and at the end of the year were `1,000 and `1,500 respectively. The figure of subscription received appear in receipts and payments account will be: (Solved)

1. 9,500

2. 10,000

3. 10,500

4. 12,000

  • a. 9,500
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