ncert book page no.25..non.profit it yourself...question no. 1...subscription to be credited to income and expenditure account. pls solve the problem and give answer in details

Dear Student,

We have already covered a similar question in our study material provided at our website through a dedicated video explaining the above concept. Also, we suggest you instead of posting a full fledged query, post us a carried out solution that can be checked by our experts.

Solution to your query:
Subscriptions received during the year:                        1,01,000 Add: Subscriptions received in Advance in Beginning:     5,000 Add:Subscriptions outstanding at the end:                     12,000 Less: Subscriptions outstanding in the Beginning:          (5,000) Less: Subscriptions received in Advance at the End:      (2,000)Subscriptions to shown in Income & Expenditure A/c    1,10,000 

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