Multiple Choice Questions on Subscription received during the year 50 000 Subscriptions outstanding at the end of the year 8 000 ........... for UPSC EPFO Exam Preparation

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Multiple Choice Questions

Subscription received during the year 50 000 Subscriptions outstanding at the end of the year 8 000 ...........

General Accounting Principles Not for profit organisation
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    Subscription received during the year ` 50,000; Subscriptions outstanding at the end of the year ` 8,000; Subscription outstanding at the beginning of the year ` 6,000. Net Income from subscription will be— 

    48,000

    Incorrect Answer

    64,000

    Incorrect Answer

    52,000

    Correct Answer

    36,000

    Incorrect Answer
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    Explanation:

    Subscription received during the year                            50,000

    + Subscriptions outstanding at the end of the year         8,000

    - Subscription outstanding at the beginning of the year   6,000.

    Net Income from subscription will be                       52,000

    By: Subhash Singh
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