Subscription received in cash during the year amounted to 40 000 subscription outstanding at the end......

Subscription received in cash during the year amounted to ?40,000; subscription outstanding at the end of previous year was ?1,500 and outstanding at the end of current year was ?2,000. Subscription received in advance for next year was ?800. The amount credited to Income & Expenditure Account will be:

?39,700

By: santosh