Subscription for current year = Subscription Received + Advance of Last Year (now due) - Advance Received during current year + Accrued Subscription.
=80,000+10,000−2,000+5,000=93,000.
Calculate subscription of current year to be credited to Income and Expenditure account from the following information :
Subscription Received Rs. 80,000, Subscription Received in Advance Last year Rs. 10,000, Subscription Received in Advance during this year Rs. 2,000 and Accrued Subscription at the end of current year Rs. 5,000 :
Held on 11 Jun 2023 · Verified 13 Jul 2026.
Rs. 95,000
Rs. 93,000
Rs. 82,000
Rs. 90,000
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Work through every CUET UG Financial Statements PYQ, year by year.