As per Receipts and Payments Account for the year ended on March 31, 2020, subscriptions received were Rs. 2,50,000 subscriptions outstanding on 1-04-2019 Rs. 50,000, Subscriptions received in advance as on 31-3-2020 are Rs. 30,000. Subscriptions for the year 2019-20 will be:
Held on 30 Aug 2022 · Verified 13 Jul 2026.
Rs. 2,30,000
Rs. 1,50,000
Rs. 2,40,000
Rs. 1,70,000
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An unrecorded asset is taken over by a creditor in full settlement in such a case
The liability of partners is
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