Life membership fees received by a club is a

Related MCQs

• There are 250 members in the Srikrishna Clu b where annual subscription is 500. During 2016-17, subscription received 97,500 and subscription receivable is 47,500. What amount of subscription received in advance during 2016-17?
• Subscription received in advance to be shown in
• From the following details ascertain the adjusted bank balance as per Cash Book – overdraft as per Cash Book 1,60,000; cheque received entered twice in the Cash Book 10,000; credit side of bank column cash short by 1,000; bank charges amounting to 400 entered twice:
• Any donation received for a specific purpose should be credited to
• Income and Expenditure account shows subscription at 2,50,000. Subscriptions accrued in the beginning of the year and at the end of the year were 25,000 and 37,500 respectively. The amount of subscriptions received appearing in re ceipts and payments account will be
• When cash received for services rendered in the past
• Insurance claim received on account of machinery damaged completely by fire is
• If a sum of 1,500 received from Laxman (debtor) has not been recorded in the books, the
• Payment of Bills of Exchange is received
• Life Insurance Corporation Account is a