Accountancy, asked by teju9060, 1 month ago

17. From the given extracts obtained from the Receipts and Payments Account of Cheema Club for the yearended 31st March, 2019 and additional information, calculate the amount of subscription in arrears as on31st March, 2019:Subscriptions Received₹2017-1810,0002018-191,20,0002019-207,000Additional Information: The Club had 130 members paying an annual subscription of * 1,000 each.Subscriptions in arrears at the beginning of the year were 16,000. 10 members paid subscriptions for2018-19 in 2017-18.​

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Answered by princerajkeshari
0

subs. received from 10 members for 2018-19 in 2017-18 and i.e. is 10,000 so it will be also subtracted as because this is advance for 2018-19

hope it's helpfull

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