Question

2. From the following information, calculate the amount of subscriptions outstanding as at
· 31st March, 2009. All India 2010
A club has 250 members each paying an annual subscription of 1,000. The receipts and
payments account for the year showed a sum of 2,05,000 received as subscriptions. The
following additional information is provided
Amt 6)
Subscriptions outstanding on 31st March, 2008
30,000
Subscriptions received in advance on 31st March, 2009
40,000
Subscriptions received in advance on 31st March, 2008
14,000​

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