1.

From the following information and out of the amount of subscription to be credited to Income and Expenditure account for the year ending 31st December 2010. a. Subscription received during the ₹ year 2010 – 12,000 b. Subscription outstanding on – 31/12/2010 – 1,500 c. Subscription outstanding on 31/12/2009 – 1,200 d. Subscription received in advance on 31/12/2010 – 1,800 e. Subscription received in advance on 31/12/2009 – 750

Answer»
ParticularsAmt. (₹)
Subscription received during the year 201012,000
Add: Subscription o/s on 31/12/101,500
Subscription received in advance on 31/12/2009750
14250
Less: Subscription o/s on 31/12/091200
Subscription received in advance on 31/12/101800
Amt. of subscription to be credited to Income & Expenditure A/C11250


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