Pls ans this fast
Solution:-
Calculation of amount of subscription received during the year 2021-22:
Calculation of amount of subscription received during the year 2021-22:
Amount credited to Income and Expenditure a/c | 20000 |
Add: Previous year amount received | 3000 |
Add: Next year amount received | 2000 |
Less: Current year outstanding | (6000) |
Amount received During the year 2021-22 | 19000 |