CBSE Class 11-commerce Answered
R AND P A/C
RECEIPTS
2014-15 - 400
2015-16 - 20500
2016-2017 600
ADJ :
THERE R 500 MEMBERS EACH PAYING AN ANNUAL SUBSCRIPTION OF 50 AND 500 ARE IN ARREARS IN 2014-2015
SO HOW TO TREAT IT IN CLOSING BALANCE SHEET ??
Asked by Raju | 28 Jan, 2018, 03:29: AM
Expert Answer
Balance sheet prepares as at 31st March 2016
|
Liabilities |
Rs |
Assets |
Rs |
|
Subscription Received in Advance |
600 |
Subscriptions outstanding For 2014-15 (Rs 500-400) For 2015-16 (Rs 25000-20500) |
100 4500 |
Answered by Tharageswari S | 29 Jan, 2018, 11:55: AM
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