Old MathJax webview

Old MathJax webview

Old MathJax webview

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25 w Help Shortcuts 19 Auto Correct Amount received during the year (As per Receipts and Payments Account) Add: () Outstanding at the end of current accounting year (tl) Advance received in the previous accounting year Less: (1) Outstanding in the beginning of the accounting year 11 (The actual amount received this year) (D) Advance received in the current accounting year Expenses to be shown in the Income & Expenditure Account (Credit Side Alternatively, Subscription Account can be prepared and amount of subs in Income & Expenditure Account can be worked out as under: Dr. SUBSCRIPTION ACCOUNT Particulars Rs. Particulars To Balance b/a By Balance b/d (Subscriptions in arrears in the (Subscriptions received in previous year) advance in the previous yea To Income & Expenditure A/c (Subscriptions to be shown in By Cash Received during to Income & Expenditure A/c- Bal fig) (As per Receipts & Paymer To Balance cld By Balance cld (Subscriptions received in advance (Subscriptions outstanding at the end of the current year) XXX Xxx XXX end of current year) xxx To Balance bid XXX By Balance bla ILLUSTRATION 3 (Treatment of Subscriptions) During the year 20 received were Rs. 90,000. Calculate the amount shown in Income and Expenditure Account and E of the following cases: Case (a) If subscription outstanding for 31.3.2010 Case (b) If subscription received in advance Rs. 4.500. 7 Address