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Commerce Accounting Difficulty: Medium

Given, subscription received in 1990: For the year 1989 - Rs. 500 For the year 1990 - Rs. 7,000 For the year 1991 - Rs. 400 1990 - subscription outstanding on 31 st December 1990 : Rs. 250 The amount of subscription to be posted to income and expenditure account of 1990 is:

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