There are 100 members in a club each paying ₹ 500 as annual subscription. Subscription due but not received for the current year is ₹ 200; Subscription received in advance is ₹ 300. The amount of subscription to be shown in the income and expenditure account is __________.
A. ₹ 50,000
B. ₹ 50,200
C. ₹ 49,900
D. ₹ 49,800
Answer:A
There are 100 members in a club each paying ₹ 500 as annual subscription. Subscription due but not received for the current year is ₹ 200; Subscription received in advance is ₹ 300. The amount of subscription to be shown in the income and expenditure account is __________.
A. ₹ 50,000 B. ₹ 50,200 C. ₹ 49,900 D. ₹ 49,800