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
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