13.At the beginning of the year, subscriptions in arrears is RM3,000 and subscriptions received in advance is RM2,000. Total cash received for subscription during the year is RM15,000. The amount of subscription to be credited to Income and Expenditure Account should be RM14,000 B RM13,000 RM16,000 D RM10,000 A 14.Given sales is RM72,000; Return inwards RM4,600; Opening stock RM39,600; Purchase RM14,400, Return outwards RM3,600 and closing stock RM18,000. Compute the gross profit. A RM42,200 RM27,800 RM49,400 D RM35,000 B 15. Which of the following is correct A Subscription fees in arrears at the end of the financial year are liability to the club. B Subscription fees in arrears at the end of the financial year are asset to the club. C Subscription fees received in advanced at the end of the financial year are asset to the club. D Life membership fee is asset to the club