subscription received during the year ended 31st March 2019 was rupees 300000. subscription receivable (opening) was 25000 and subscription receivable (closing) was 45000. what will be the amount of subscription credited to income and expenditure account ??
3,20,000 i.e.(3,00,000+45,000(closing Bal.) -25,000(opening bal.)=(3,20,000) will be the amt. which is to be transferred to income & Exp. A/C at income side.
