Q. From the following information provided, the income from subscription to be shown in the Income and Expenditure A/C for the year ending 31/12/2015 can be calculated at Rs. ______(i) Subscription received during 2015 : for 2014 – Rs.5,000 for 2015 – Rs.30,000 for 2016 – Rs.6,000(ii) Subscription received in advance as at 31/12/2014 – Rs.6,000(iii) Subscription outstanding as at 31/12/2014 – Rs.6,000(iv) Subscription outstanding as at 31/12/2015 – Rs.4,000 (Solved)
1. Rs.40,000
2. Rs.28,000
3. Rs.51,000
4. Rs.41,000
- a. Rs.40,000