hat will be entered in the income and expenditure account for the year

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The members of a sporting club pay an annual subscription of 60. At the beginning of the year subscription were accrued from 15 members. During the year subscription received amounted to 7500. This included subscription of 240 for the following year. What will be entered in the income and expenditure account for the year? 

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