question_answer

Subscription received by an institution in 2017-18 Rs. 8,000. Subscription unpaid on 1st April, 2017 for 2016 - 17 Rs. 800, Rs. 720 of these were received in 2017 - 18. Advance subscription received on 31st March, 2017 were Rs. 200 and on 31st March, 2018 were Rs. 160. Subscription unpaid on 31st March, 2018 for 2017 - 18 were Rs. 280. You are required to show the subscription in income and expenditure account.

Answer:

The amount of subscription shown in income and expenditure account = Rs. 7,600