20. From the following particulars, calculate amount of subscriptions to be credited to the Income and Expenditure
Account for the year ended 31st March, 2020:
(a) Subscriptions in arrears on 31st March, 2019
500
(b) Subscriptions received in advance on 31st March, 2019 for the year
ended on 31st March, 2020
1,100
(c) Total subscriptions received during the year ended 31st March, 2020
35,400
(including 400 for the year ended 31st March, 2019,1,200 for the year ended
31st March, 2021 and 300 for the year ended 31st March, 2022)
(d) Subscriptions outstanding for the year ended 31st March, 2020
400
21. How are the following items of subscrintion
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Answer:
(a) Subscriptions in arrears on 31st March, 2015 = Rs. 500
(b) Subscriptions received in advance on 31st March, 2015 for the year ended on 31st March, 2016 = Rs. 1,100
(c) Total subscriptions received during 2015-16 = Rs. 35,400
(including Rs. 400 for 2014-15, Rs. 1,200 for 2016-17 and Rs. 300 for 2017-18)
(d) Subscriptions outstanding for 2015-16 = Rs. 400
Explanation:
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