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Dr. ILLUSTRATION 2 (Treatment of Subscriptions) From the following Receipts & Payments Account show subscription to be shown in Income and Expenditure Account for the
Dr. ILLUSTRATION 2 (Treatment of Subscriptions) From the following Receipts & Payments Account show subscription to be shown in Income and Expenditure Account for the year ending 31st March 2010 and relevant items in the Balance Sheet as at 31.3.2010. RECEIPTS AND PAYMENTS ACCOUNT (An extract) Cr. for the year ended 31st March, 2010 Receipts $ Payments $ To Subscriptions : for 2008 - 09 18,000 for 2009 - 10 1,80,000 for 2010-11 9,000 2,07,000 e
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
1285868781, 978-1285868783
