| Q.59 | In 2019-2020, the sports club of Odisha had received Rs. 2,000 towards subscription. The unpaid subscriptions for 2018-19 on 1 April 2019 were Rs. 200. The subscriptions paid in advance on 31 March 2019 were Rs. 50 and the same on 31 March 2020 were Rs. 40. The unpaid subscriptions for 2019-2020 on 31 March 2020 were Rs. 90. Identify how the subscription items will appear in the Income and Expenditure Account. | |
| Ans | A. Subscription of Rs. 1,900 will be shown on the Income side of the Income and Expenditure account | |
| B. Subscription of Rs. 1,940 will be shown on the Income side of the Income and Expenditure account | ||
| C. Subscription of Rs. 1,990 will be shown on the Income side of the Income and Expenditure account | ||
| D. Subscription of Rs. 900 will be shown on the Income side of the Income and Expenditure account |
Correct Ans Provided: A
