Question

1. Subscriptions received during the year ending 31.12.2018 are given below...

For 2017

For 2018

For 2019

500

4,500

There are 500 members each paying an annual subscriptions of 10, 2600 were in arrears for 2017 at the beginning of 2018. Calculate the income from subscriptions for the year ending 31st Dec. 2018 to be shown in the Income and Expenditure Account.

Ans. Income from Subscription = 5,000]

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Answer 1

Answer:

9. (Subscription and Treatment in B/S) Subscriptions received during the year ended

March 31, 2015 by Indus Club were as under:

2013-2014

3,000

2014-2015

93,000

2015-2016

2,000

The club has 500 members each paying 200 as annual subscription. Subscriptions

outstanding as on 31 March 2014 were 6,000. Calculate the amount of subscription to be

shown as income in the income and expenditure account for the year ended March 31st, 2015

and show the relevant data in the Balance Sheet on 31st March, 2014 and 2015.

(Ans. Subscription Income for the year 2014-15 * 1,00,000 O/S Subscription 10,000 ;

Subscription received in advance *2,000]

plz solve this question.... plz