MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Subscription

Subscription ...

Question

Subscription income for the year is shown on ______ side of income and expenditure account

A

Credited

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

Debited

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Either A or B

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

None of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A
Credited

Subscription income for the year is shown on credit side of income and expenditure account

Suggest Corrections

thumbs-up

0

Similar questions

Q. A Club is of 200 members. Subscription per member is Rs. 3,000 p.a. Outstanding subscription at the beginning and end of the year were Rs. 18,000 & 28,000 respectively. Amount of subscription to be shown in Income and Expenditure A/c will be ____________.

Q. If there appears a sports fund, the expenses incurred on sports activities will be shown on the debit side of Income and Expenditure Account.

Q. In a Club, subscription received for current year Rs. 2,50,000.

Subscription of current year received in the previous year Rs. 25,000. Subscription out-standing for current year 45,000.

Subscription received in advance in current year Rs. 11,000 and subscription of previous year received in current year Rs. 35,000.

The amount of subscription to be shown in Income and Expenditure Account will be ___________.

Q. Subscription A/c will be credited to Income & Expenditure A/c after making following adjustments:

Q. How much amount as Rent A/c will be debited to income & Expenditure A/c ?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Evaluating Subscription

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon