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Commerce Accounting Difficulty: Medium

Subscription received in 1998: For the year 1997 For the year 1998 For the year 1999 Subscription outstanding on 31 st December, 1998 was Rs. 4,000. What amount of subscription will appear in income and Expenditure account of 1998:

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More Commerce Questions

_________ relates of inaccurate statements, which are made without any fraudulent intention. DTC is related to: Double Account system is applicable to: Match the items of List-I with List-II and indicate the correct answer: List-I List-II a. Net Income Approach 1. Working Capital Management b. Profitability Index 2. Over Capitalization c. Concentration Planning 3. Capital Structure Banking d. Lower Rate of Decision 4. Capital Budgeting Return . . . . . . . . management consists of formulation and implementation of policies and programmes related to wages, salary, and other forms of employees compensation.