Question : How much amount is recorded in Income and Expenditure A/c if there are 800 members, each paying an annual subscription of Rs.120? Subscriptions received during the year Rs. 54,000; Subscription received in advance at the beginning of the year Rs.1,000.

Option 1: Rs. 96,000

Option 2: Rs. 54,000

Option 3: Rs. 97,000

Option 4: Rs. 95,000

Question : There are 200 members, each paying an annual subscription of Rs.1,000. Subscription received during the year Rs.1,95.000, Subscription received in advance at the beginning of the year Rs.3000 and at the end of the year Rs.2,000. The amount shown in the Income and

Question : There are 500 members, each paying an annual subscription of Rs 100, Subscription received during the year Rs 45,000. Subscription received in advance at the beginning of the year Rs 2,400. What will be credited to the Income and Expenditure Account? 

Question : There are 1,000 members, each paying an annual subscription of Rs.50. Subscription received during the year is Rs.45,000. Subscriptions received in advance at the beginning of the year Rs.1,800. What will be debited to the Receipts and Payments Account? 

Question : There are 500 members, each paying an annual subscription of Rs 100, Subscription received during the year Rs 45,000. Subscription received in advance at the beginning of the year Rs 2,400. What will be credited to the Income and Expenditure Account?

Question : Municipal Taxes paid during the year Rs 4,000. Municipal taxes amount to 4,000 per year and are paid upto 30th June every year. Calculate the amount of the subscription debited to the Income and Expenditure Account and also calculate the amount of subscription