Question

18. During the year ended 31st March, 2020, subscriptions received by Kings Club, Delhi were 4,09,000 including
75,000 for the year ended 31st March, 2019 and 10,000 for the year ended 31st March, 2021. At the end
of the year ended 31st March, 2020, subscriptions outstanding for the year ended 31st March, 2020 were
15,000. The subscriptions due but not received at the end of the previous year, i.e., 31st March, 2019 were
8,000, while subscriptions received in advance on the same date were 18,000.
Calculate amount of subscriptions to be credited to Income and Expenditure Account for the year ended
31st March, 2020.
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Answer 1

Answer:

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