Income & Expenditure A/c shows subscriptions `10,000. Subscriptions accrued in the beginning of the year and at the end of the year were `1,000 and `1,500 respectively. The figure of subscription received appear in receipts and payments account will be:

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Subscriptions received = Subscriptions in I&E A/c + Opening accrued subscriptions - Closing accrued subscriptions= 10,000 + 1,000 - 1,500= 9,500

Income & Expenditure A/c Shows Subscriptions `10,000