Subscription received during the year Rs. 1,80,000; Subscriptions outstanding at the end of the year Rs. 20,000; Subscriptions received in advance at the end of the year Rs. 10,000. Subscription outstanding at the end also includes 2,000 pertaining to previous year. The amount of subscription to be credited to Income and Expenditure A/c will be-

210000

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190000

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170000

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200000

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Solution

The correct option is B
190000

Income for the year = 1,80,000 + 20,000 - 10,000 - 2,000

= Rs 1,88,000

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The correct option is B 190000 Income for the year = 1,80,000 + 20,000 - 10,000 - 2,000 = Rs 1,88,000

The correct option is B
190000

Income for the year = 1,80,000 + 20,000 - 10,000 - 2,000

= Rs 1,88,000