Income Expenditure account shows subscriptions for the year at-10821
Income & Expenditure account shows subscriptions for the year at Rs. 3,000. It is further given that Subscriptions to the extent of Rs. 500 were outstanding for the current year, the amount to be shown on the debit side of the Receipts & Payments Account will be:
This multiple choice question (MCQ) is related to the book/course
vu fin611 Advanced Financial Accounting.
It can also be found in
vu fin611 Final Term - Quiz No.1.
Income & Expenditure account shows subscriptions for the year at Rs. 3,000. It is further given that Subscriptions to the extent of Rs. 500 were outstanding for the current year, the amount to be shown on the debit side of the Receipts & Payments Account will be:
Rs. 2,500
Rs. 3,000
Rs. 3,500
Rs. 500
