Question

15. Subscription received during the year ending 31st Dec. 2018- 10,500. This amount
includes 600 pertaining to the year 2019 and 500 pertaining to the year 2017,
Subscriptions outstanding on 31st Dec. 2018 1,850 and on 1st Jan. 2018- 650.
What amount will be shown on the Asset side of the balance sheet as on 31.12.2018.
[Ans. *2,000] pls give me answer now I will give 2000rs Paytm cash​

Answer 1

Answer:

ANSWER

                                Income and Expenditure Account

                                     As on 31 st December,2011   

ExpenditureAmt.(Rs.)

IncomeAmt. (Rs.)Subscription for 2011              93,000

(+) Outstanding for 2011           7,000  

(500 members ×Rs. 200)1,00,000                                                   Balance Sheet  

                                          As on 31 st December, 2006

LiabilitiesAmt.AssetsAmt.

Subscription Received 

in Advance for 20122,000Subscription

Outstanding for 2010         3,000

(6,000 - 3,000)

Subscription 

Outstanding for 2011          7,000  

10,000