Question

1. From the following information, calculate the amount of subscriptions outstanding as at31st March, 2009. All India 2010A club has 250 members each paying an annual subscription of 1,000. The receipts anpayments account for the year showed a sum of 2,65,000 received as subscriptions. Thfollowing additional information is providedAmt (3)Subscriptions outstanding on 31st March, 200840,000Subscriptions received in advance on 31st March, 200930,000Subscriptions received in advance on 31st March, 200812,000​

Answer 1

Answer:

43000₹

Explanation:

subscription received. = 265000

o/s last year =. (40000)

received in advance current year =(30000)

received in advance last year = 12000

=. 207000

total subscription to be received =250000(250*1000)

outstanding subscription =250000-207000

=43000

Answer 2

credit side debit side

this is subscription a/c u can do this way which is very easy