Page 67 - MAZOO EBOOK 1_Neat
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Accounting treatment of some special items
SUBSCRIPTIONS - It is an amount paid by the members of non-trading concerns at regular
intervals to keep their membership alive. (h67)
ACCOUNTING TREATMENT - Example
Suppose, 2019 is a current year for which income and Expenditure Account is being prepared.
How would the following subscriptions appear in the Income and Expenditure Account of 2019?
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