Practicing Success
Subscription outstanding at the beginning of year is ₹10000, Subscriptions received during the year is ₹90000 including ₹5000 in advance for next year and subscription outstanding at the end of the year is ₹2000. How much amount of subscription will be entered in Income and Expenditure account? |
₹90000 ₹97000 ₹107000 ₹77000 |
₹77000 |
(90000-10000-5000+2000) |