Subscription received during the year ₹ 1,80,000 Subscriptions outstanding at the end of the year ₹ 20,000 Subscriptions received in advance at the end of the year ₹ 10,000. The amount of subscription to be credited to Income and Expenditure Account will be:
A. ₹ 2,10,000
B. ₹ 1,90,000
C. ₹ 1,70,000
D. ₹ 2,00,000
Answer:B
Subscription received during the year ₹ 1,80,000 Subscriptions outstanding at the end of the year ₹ 20,000 Subscriptions received in advance at the end of the year ₹ 10,000. The amount of subscription to be credited to Income and Expenditure Account will be:
A. ₹ 2,10,000 B. ₹ 1,90,000 C. ₹ 1,70,000 D. ₹ 2,00,000