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Subscriptions Received during the year ending 31st March, 2010 were as follows :- $ $ For Previous Year i.e. 2008-09 5000 For Current Year i.e.
Subscriptions Received during the year ending 31st March, 2010 were as follows :- $ $ For Previous Year i.e. 2008-09 5000 For Current Year i.e. 2009-10 85,000 For Next Year i.e. 2010-11 2,000 92,000 There were 200 members each of them paying $ 500 as annual subscription. Arrears of Subscription at the beginning of current year were $ 6,500. You are required to calculate the amount of Subscriptions to be shown in Income & Expenditure Account for the year ending 2009-10 and show them in Income & Expenditure Account and Balance Sheet
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