how much amount will be recorded in income and expenditure account if club has 400 members each paying an annual subscription of rupee 100. Outstanding subscription on 31 march ,2019 were rupee 2000.
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subscription received in cash during the current or 2020 amounting to rupees 20000 subscription outstanding at the end of last year 2019 is rupees 1500 and outstanding at end of the year 2020 is rupees 3100 of the subscription received advanced 2020 1 rupees 1000 how much amount subscription expenditure account
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27th Jul, 2020
You may refer to the solution provided in the google drive link below.
https://drive.google.com/file/d/1ik0FeGR_VdAqrL0RIiY5wO6OmW3esplE/view?usp=sharing
Hope this will suffice.
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