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Commerce · Q2359

Accounting

Graduate and Post Graduate · Commerce · question 2359

Q2359

Subscription received in 1998: For the year 1997 For the year 1998 For the year 1999 Subscription outstanding on 31st December, 1998 was Rs. 4,000. What amount of subscription will appear in income and Expenditure account of 1998:

A.
Rs. 20,000
Answer
B.
Rs. 19,000
C.
Rs. 22,000
D.
Rs. 16,000

Answer: Option A

Solution

Answer: Option A
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