Financial Accounting

Following information are extracted from the books of Royal sports club Use that information to answer questions, and Subscription fees collected in 2016 For 2015 15.000 For 2016 - For 2017 Subscription receivable As at year end 2015 Rs. 4.000 2016 Rs. 8,000 Subscription received in 2015 for 2016 is Rs. 1,000. 5. Calculate the subscription fee to be identified in the income and expenditure account for the year 2016, if the entity is following the cash basis in recording the transactions. A. Rs.15.000 B. Rs. 17.000 C. Rs.21,000 D. Rs. 16.000