Accounting

Amando welfare club was formed on 1st January, 2019. During the clubs first annual general meeting on 31st December 2019, the financial secretary presented to the members the following report covering the club. The financial result of our first year's operation have successful 200 senior members joined the club and each of them paid in full the annual subscription of GHC3,000. In addition, 40 of these members paid their subscriptions for the second year (GHC3,000 each). 100 junior members also joined the club but only 90 have paid their annual subscription of GHC2,000 each. The remaining ten have promised to pay their annual subscription on 15th January 2020. Calculate the subscription charged to the income statement A. GHC900,000 3. GHC920.000