14. Subscriptions received during the year ended 31st March, 2019 by a club were as under : ₹ 2017-18 8,000 2018-19 1,00,000 2019-20 6,000 1,14,000 The club has 400 members; each paying * 300 as annual subscription. Subscriptions outstanding as on 31st March, 2018 were 10,000. Calculate the amount of subscriptions to be shown as income in Income and Expenditure Account for the year ended 31st March, 2019 and show the relavant items in the Balance Sheet as on that date.
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Income and Expenditure Account
for the year ended March 31, 2018
Dr.
Cr.
Expenditure
Amount
(Rs)
Income
Amount
(Rs)
Subscription
(450 Members × Rs 200 each)
90,000
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