Question
Given the information below, what will be the amount of
subscription in the Receipt & Payment Account and the Income & Expenditure Account, respectively. A sports club received â‚ą50,000 as subscriptions during the year 2018-19, of which â‚ą5,000 relate to the year 2017-18 and â‚ą10,000 to 2019-20. At the end of the year 2018-19. â‚ą25,000 are still receivable.Solution
The correct answer is A
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