Question
Accountancy Question on Income and Expenditure Account
During the year 2015-16, subscription received by a sports club were ₹ 80,000. These included ₹ 3,000 for the year 2014-15 and ₹ 6,000 for the year 2016-17. On 31st March 2016, the amount of subscription due but not received was ₹ 12,000. Calculate the amount of subscription to be shown in Income and Expenditure A/c.
A
₹ 80,000
B
₹ 83,000
C
₹ 77,000
D
₹ 71,000
Answer
₹ 83,000
Explanation
Solution
The correct option is (B) :₹ 83,000