Receipts and Payment Account (Extract)
                               N
Bal b/f                   3650       Insurance   900
subscription   (99) 7500       Rate          11,700
                   (2000) 1000      Bal c/d        8,050
Fees                      8500

                            20,650                       20,650

The following information were given:

Rates owing Insurance prepaid Subscription in arrears

1/199 3,600 50 700

31/12/99 2000 1000 600

Calculate the subscriptions in the Income and expenditure account.

Similar Questions

The process of entering transaction from one book to another is ...

The current growth in the volume of trading and financial dealings in nigerian is helped by? ...

In a departmental account, where no basis of apportionment exist, apportionment is ...

Which of the following errors will affect the trial balance total? ...

Determine the value of closing stock using the LIFO method ...

Given: Opening capitaL................N7 000 Additional capital.............N3 500 Net..............

Upon the dissolution of a partnership, the Partnership Act provides that the amount realized should ...

Computer memory sizes are measured in ...

Rent prepaid - 1/01/2014 - N600 Rent paid - 31/12/2014 - N3,000 Rent prepaid - 31/12/2014 - N400. ...

Set-off is carried out in the control account when ...