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On 1 January a sports club's subscriptions account had a debit balance of GHC 500. During the year subscriptions received amounted to GHC 6000.
On 1 January a sports club's subscriptions account had a debit balance of GHC 500. During the year subscriptions received amounted to GHC 6000. Subscriptions due but unpaid on 31 December were GH 800. Which amount will be shown for subscriptions in the income and expenditure account for the year ended 31 December? A. GHC 5,700 B. GHC 6,300 C. GHC 6,500 D. GHC 6,800
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