Question:
As per Receipts and Payments Account for the year ended on March 31, 2020, subscriptions received were ₹ 2,50,000 subscriptions outstanding on 1-04-2019 ₹ 50,000, Subscriptions received in advance as on 31-3-2020 are ₹ 30.000. Subscriptions for the year 2019-20 will be:
As per Receipts and Payments Account for the year ended on March 31, 2020, subscriptions received were ₹ 2,50,000 subscriptions outstanding on 1-04-2019 ₹ 50,000, Subscriptions received in advance as on 31-3-2020 are ₹ 30.000. Subscriptions for the year 2019-20 will be:
Updated On: May 10, 2024
- ₹ 2,30,000
- ₹ 1,50,000
- ₹ 2,40,000
- ₹ 1,70,000
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The Correct Option is D
Solution and Explanation
The correct option is (D): ₹ 1,70,000
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