Subscription amounting to Rs. 7,500 appear on the credit side of income and expenditure account after...

 

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Subscription amounting to Rs. 7,500 appear on the credit side of income and expenditure account after adjusting subscriptions out standing Rs. 600 and subscriptions received in advance Rs. 450. The amount of subscriptions to be shown in the receipts and payments account for the same year will be. A B C D Rs. 6.450 Rs. 7,350 Rs. 7,650 Rs. 8,550 Subscription amounting to Rs. 7,500 appear on the credit side of income and expenditure account after adjusting subscriptions out standing Rs. 600 and subscriptions received in advance Rs. 450. The amount of subscriptions to be shown in the receipts and payments account for the same year will be. A B C D Rs. 6.450 Rs. 7,350 Rs. 7,650 Rs. 8,550

Answer rating: 100% (QA)

Calculation of amount of subscription received during the year ... View the full answer