Determine net income or subscriptions to be sent to income and expenditure account for the year. 1. subscriptions received during the year Ghs 50,000; subscriptions outstanding at the end of the year Ghs 8,000; subscriptions outstanding at the beginning of the year Ghs 6,000. Determine the net income of subscriptions for the year? 2. Subscription received during the year Ghs 180,000; subscriptions outstanding at the end of the year Ghs 20,000; subscriptions received in advance at the end of year Ghs 10,000. What is the amount of subscriptions to be credited to income and expenditure account for the year? 3. Subscriptions received in cash during the year Ghs 5,000; amount received in advance for the next year is Ghs 300. Amount outstanding for current year was Ghs 400. What is the amount to be credited to income and expenditure account for the year? 4. If income is Ghs 16,000 and deficit debited to Accumulated fund is Ghs 4,300, then the expenditure is?
Determine net income or subscriptions to be sent to income and expenditure account for the year.
1. subscriptions received during the year Ghs 50,000; subscriptions outstanding at the end of the year Ghs 8,000; subscriptions outstanding at the beginning of the year Ghs 6,000. Determine the net income of subscriptions for the year?
2. Subscription received during the year Ghs 180,000; subscriptions outstanding at the end of the year Ghs 20,000; subscriptions received in advance at the end of year Ghs 10,000. What is the amount of subscriptions to be credited to income and expenditure account for the year?
3. Subscriptions received in cash during the year Ghs 5,000; amount received in advance for the next year is Ghs 300. Amount outstanding for current year was Ghs 400. What is the amount to be credited to income and expenditure account for the year?
4. If income is Ghs 16,000 and deficit debited to Accumulated fund is Ghs 4,300, then the expenditure is?
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