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