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From the following account, calculate the amount to be shown in Receipts and Payments Accou on 31-12-2020: Total subscription receivable during the year = Kes. 130000 Subscription outstanding as on 31-12-2020 = Kes. 30000 Subscription received in advance as on 31-12-2019 - Kes. 10000 Calculate the amount to be shown in Receipts and Payments Account on 31-12-2020:

From the following account, calculate the amount to be shown in Receipts and Payments Accou on 31-12-2020: Total subscription receivable during the year = Kes. 130000 Subscription outstanding as on 31-12-2020 = Kes. 30000 Subscription received in advance as on 31-12-2019 - Kes. 10000 Calculate the amount to be shown in Receipts and Payments Account on 31-12-2020:

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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From the following account, calculate the amount to be shown in Receipts and Payments Accou on 31-12-2020: Total subscription receivable during the year = Kes. 130000 Subscription outstanding as on 31-12-2020 = Kes. 30000 Subscription received in advance as on 31-12-2019 - Kes. 10000 Calculate the amount to be shown in Receipts and Payments Account on 31-12-2020:
Transcribed Image Text:From the following account, calculate the amount to be shown in Receipts and Payments Accou on 31-12-2020: Total subscription receivable during the year = Kes. 130000 Subscription outstanding as on 31-12-2020 = Kes. 30000 Subscription received in advance as on 31-12-2019 - Kes. 10000 Calculate the amount to be shown in Receipts and Payments Account on 31-12-2020:
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