Home / MCQ Bank / Commerce

Commerce Accounting Difficulty: Medium

The Receipt and Payment Account of a club shows the following details of subscriptions: Arrears Rs. 500, current Rs. 10,500 advance Rs. 800. There are 1200 members each paying an annual subscription of Rs. 10. The amount of subscription to be credited to Income and Expenditure Account will be:

Select the correct option to test your answer:

More Commerce Questions

A minimum quantity of stock always held as precaution against out of stock situation is called The formula to determine the number of classes given by Sturge's rule is which one of the following? Where, $$K$$ = Number of classes $$N$$ =Total number of observations $$\left( {\log \,N} \right)$$ = Logarithm of the total number of observations In managerial grid, the style which focuses maximum concern of people and minimum concern of production is Which of the following general principle is not followed by corporation while practicing CSR? What is the primary purpose of a life insurance product?