Subscription received during the year 50,000 Rs. Subscriptions outstanding at the end ofthe year 8,000 Rs. Subscription outstanding at the beginning of the year 6,000 Rs. Net Incomefrom subscription will be :
A) Rs 48000
B) RS 64000
C) RS 52000
D) RS 36000
Correct Answer:
Verified
Q1: Which of the following is not a
Q3: In case specific fund is maintained, the
Q4: Income and Expenditure Account is:
A)Personal Account
B)Real Account
C)Nominal
Q5: Life Membership Fees received by a club
Q6: Receipts and Payments Account is a :
A)Personal
Q7: Income and Expenditure Account is prepared :
A)By
Q8: Payment of honorarium to secretary is treated
Q9: Outstanding subscription is a:
A)Income
B)Assets
C)(a) and (b) Both
D)None
Q10: Legacies should be treated as
A)A Liability
B)A Revenue
Q11: The excess of assets over liabilities in
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