A&E) Subscription received in cash Rs 60,000; subscription received in advance for next year Rs 3,000 and received in advance during previous year is Rs 2,000.Subscription in arrears at the end of current year Rs 5,400 . Amount credited to Income and Expenditure Account will be :(a)Rs 53,600(b)Rs. 55,600(c)Rs. 66,400(d)Rs. 64,400

Answers

Answer 1

Answer:

Amount credited to Income and Expenditure Account = Rs64,400

Explanation:

Given:

Subscription received in cash = Rs60,000

Subscription received in advance = Rs3,000

Subscription in arrears at the end of current year = Rs5,400

Subscription received in for previous year = Rs2,000

Find;

Amount credited to Income and Expenditure Account

Computation:

Amount credited to Income and Expenditure Account = Subscription received in cash + Subscription in arrears at the end of current year + Subscription received in for previous year - Subscription received in advance

Amount credited to Income and Expenditure Account = 60,000 + 5,400 + 2,000 - 3,000

Amount credited to Income and Expenditure Account = 67,400 - 3,000

Amount credited to Income and Expenditure Account = Rs64,400


Related Questions

With reference to above statement,how would sustainable consumption and production impact the society?​

Answers

I don’t know the answer but you may find it here

https://sustainabledevelopment.un.org/topics/sustainableconsumptionandproduction/decisions

The main pupose of an investment institution is to A. Allow customers to deposit money into accounts at no charge B. Use deposited money to purchase stocks and bonds in order to make a profit C. Provide guranteed payments to depositors under specific conditions D Hold deposits in accounts and use that money to offer loans.

Answers

Answer:

The answer is "Option D".

Explanation:

Credit unions or financial institutions, among many others, have depository institutions. It provides customers with a reliable, stable but easy way of saving money or residences and businesses credits. The bank provides interest rates on deposits and uses that money to lend at rising interest rates.

Its main source of income for depositary entities is interest from loans. They build consumer deposits and facilitate economic development in households and businesses.

What is a credit card?

Answers

girl? :D

A credit card is a payment card issued to users to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt

It’s a card you make payments off of

The insurance pathway includes workers who deliver services that transfer risk from an individual or business to an insurance company to protect individuals and businesses from financial losses. Question 1 options: True False

Answers

Answer:

true

Explanation:

i took the 7.01 finance quiz and got it right.

In an import-oriented distribution structure,A. the importer-wholesaler traditionally performs most of the marketing functions.B. the relationship between the importer and any middleman is similar to that found in a mass-marketing system.C. several independent agencies provide functions such as advertising, marketing research, and financing.D. the idea of a channel as a chain of intermediaries performing specific activities is common.E. the distribution system is national in scope.

Answers

Answer:

A. the importer-wholesaler traditionally performs most of the marketing functions.

Explanation:

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.

An import-oriented distribution structure is also referred to as a traditional distribution structure and it typically involves controlling a fixed supply of goods by an importer while selling a limited supply of the goods (products) at a higher price to a small group of rich or affluent customers.

This ultimately implies that, in this type of distribution structure, demand for goods usually exceeds the quantity of goods supplied.

Hence, in an import-oriented distribution structure, the importer-wholesaler traditionally performs most of the marketing functions.

A vast global network that is made up of many smaller interconnected networks is known as

Answers

Answer:

The internet

Explanation:

The subject line in an email helps the recipient decide which messages to read and ______________ to read them.

Answers

Answer:

Is it The email subject line helps recipients decide which messages to read and when to read them

Explanation:

It makes the most sense

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