Given:
Subscription in arrears 01/10/06...........N2,000
Subscription in advance 01/10/06...........N1,500
Subscription paid during the year..........N7,000
Subscription in arrears 31/12/06...........N3,000

Determine the amount of subscription included in the income and expenditure account for the year?

Similar Questions

Income and expenditure account is more informative than receipts and payments account because it dis...

Debtors at start was N5,620 and at close N3,460. Cash and cheques received from customers amounted t...

Which of the following items is classified as capital expenditure in public sector accounting? ...

Members of a not-for-profit making organization ...

Which of the following is added to the proprietor's capital? ...

Payment of salaries to partners is ...

Subscription in advance is treated in the balance sheet of a club as ...

Opening stock---------2,300 Purchases-------------11,874 Sales--------------------18,600 Closing ...

On the dissolution of a partnership business,the net book value of the assets is transferred to? ...

Find the average stock for the period ...