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From the following information , prepare...

From the following information , prepare subscription Account for the year ending 31st March 2019 :

In the year ending 31st March 2019 subscription received were Rs 2,10,000 (including Rs 6,000 of arrears from previous year) and subscription arreans of previous year were written off Rs. 4,000.

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The correct Answer is:
Subscription income to be credited to Income and Expenditure Account -Rs. 2,14,000
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