Answer:
The answer to this question is the first option, Corporation.
A&E) Subscription received in cash Rs 60,000; subscription received in advance for next year Rs 3,000 and received in advance during previous year is Rs 2,000.Subscription in arrears at the end of current year Rs 5,400 . Amount credited to Income and Expenditure Account will be :(a)Rs 53,600(b)Rs. 55,600(c)Rs. 66,400(d)Rs. 64,400
Answer:
Amount credited to Income and Expenditure Account = Rs64,400
Explanation:
Given:
Subscription received in cash = Rs60,000
Subscription received in advance = Rs3,000
Subscription in arrears at the end of current year = Rs5,400
Subscription received in for previous year = Rs2,000
Find;
Amount credited to Income and Expenditure Account
Computation:
Amount credited to Income and Expenditure Account = Subscription received in cash + Subscription in arrears at the end of current year + Subscription received in for previous year - Subscription received in advance
Amount credited to Income and Expenditure Account = 60,000 + 5,400 + 2,000 - 3,000
Amount credited to Income and Expenditure Account = 67,400 - 3,000
Amount credited to Income and Expenditure Account = Rs64,400
Find the simple interest paid.
9. Principal: $350
Annual rate: 4%
Time: 3 years
Interest
Answer:
$392
Explanation:
Using the simple interest formula....
A=P(1+rt)
A=350(1+(0.04)(3))
A=350(1+(0.12)
A=350(1.12)
A=350x1.12
A=392
-PLEASE HELP!
Which of the following choices is an example of an installment loan?
a fixed rate home loan
a variable rate credit card
a mutual fund
a utility bill
Capital, such as a car or home, is often used to secure a loan.
True
False