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9.The Receipts and Payments Account of a club shows Rs 60,000 as the subscription received during 2016-17. Accrued subscription at the beginning of the year was Rs 4,200 and that at the end of the year was Rs 3,800. There was no unearned subscription on 01-04-2016. but that on 31-03-2017 was Rs 1,400. Prepare a statement showing the amount of subscription to be credited to the Income and Expenditure Account for the year ending 31-03-2017.

Answer»

9.The Receipts and Payments Account of a CLUB shows Rs 60,000 as the subscription received during2016-17. Accrued subscription at the beginning of the year was Rs 4,200 and that at the END of THEYEAR was Rs 3,800. There was no unearned subscription on 01-04-2016. but that on 31-03-2017 wasRs 1,400.Prepare a STATEMENT showing the AMOUNT of subscription to be credited to the Income andExpenditure Account for the year ending 31-03-2017.



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