2 Subscriptions received during the year ended 31st March, 2016 are For the year ended 31st March, 2015 160 For the year ended 31st March, 2016 8,440 For the year ended 31 st march, 2017 320 8,920 There are 450 members, each paying an annual subscription of 20; * 180 were in arrears for the year ended 31st March, 2015. Calculate amount of subscriptions to be credited to income and expenditure account for the year ended 31st March, 2016. Ans Subscriptions to be credited to income and expenditure account = 9,000
Answers
Subscriptions Receivable for the year ended 31st March 2019
= Number of Members X Annual Subscription
=450×Rs500=Rs.2,25,000
=450×Rs500=Rs.2,25,000
Subscriptions Outstanding =Total subscriptions -Subscrptions received for the year ended
31st March 2019
= Rs. 2,25,000 -Rs 2,11,000 =Rs 14,000.
Subscriptions in arrears for the year ended 31st March 2018 in the beginning of 2018-19 war Rs. 4,500, out of which Rs. 4,000 were received in the year ended 31st March 2019.
Explanation. Subscriptions received for the year ended 31st March 2019 have been given separately in the Receipts and Payments Account. The amount does not include any subscriptions which have been received on account of previous year or the next year as was the case in the previous ıʟʟusţяѧţıoň
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Answer:
Subscriptions Receivable for the year ended 31st March 2019
= Number of Members X Annual Subscription
=450×Rs500=Rs.2,25,000
=450×Rs500=Rs.2,25,000
Subscriptions Outstanding =Total subscriptions -Subscrptions received for the year ended
31st March 2019
= Rs. 2,25,000 -Rs 2,11,000 =Rs 14,000.
Subscriptions in arrears for the year ended 31st March 2018 in the beginning of 2018-19 war Rs. 4,500, out of which Rs. 4,000 were received in the year ended 31st March 2019.
Explanation. Subscriptions received for the year ended 31st March 2019 have been given separately in the Receipts and Payments Account. The amount does not include any subscriptions which have been received on account of previous year or the next year as was the case in the previous ıʟʟusţяѧţıoň
һopє ıţs һєʟp u
Explanation: