Calculate the amount of subscription to be shown in Income and expenditure A/C for the year ending 31st March 2022 Subscription received during the year 2021-22 Rs. 100,000 Outstanding subscription for the year 2020-21 Rs. 10000 Outstanding subscription for the year 2021-22 Rs. 20000 Subscription received in advance in 2020-21 Rs. 5000 Subscription received in advance in 2021-22 Rs. 4000

Question

Option 1: Rs. 1,11,000

Option 2: Rs. 1,19,000

Option 3: Rs. 89,000

Option 4: Rs. 1,21,000

AfterBoards · Accepted Answer

The answer is 'Rs. 1,11,000'. View full solution:

CUET Accountancy 2022 15 July Shift 2 PYQs

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