The sports club of Orissa had received in 2021-2022 $2,000 towards subscription. Subscription for 2020- 21 unpaid on 1.4.2021 were $200. Subscriptions paid in advance on 31.3.2021were $50 and the same on 31.3.2022 was $40. Subscriptions for 2021-2022 unpaid on 31.3.2013 were $90. Show how the subscriptions item will appear in
The sports club of Orissa had received in 2021-2022 $2,000 towards subscription. Subscription for 2020- 21 unpaid on 1.4.2021 were $200. Subscriptions paid in advance on 31.3.2021were $50 and the same on 31.3.2022 was $40. Subscriptions for 2021-2022 unpaid on 31.3.2013 were $90. Show how the subscriptions item will appear in
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The sports club of Orissa had received in 2021-2022 $2,000 towards subscription. Subscription for 2020- 21 unpaid on 1.4.2021 were $200.
Subscriptions paid in advance on 31.3.2021were $50 and the same on 31.3.2022 was $40. Subscriptions
for 2021-2022 unpaid on 31.3.2013 were $90.
Show how the subscriptions item will appear in the Income and Expenditure Account.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education