Question

3
14. From the following information calculate the amount of subscription to be
credited to the Income and Expenditure Account for the year 2019-20.
Particulars
Subscriptions received during the year
50,000
Subscriptions outstanding on 31" March, 2019
20,000
Subscriptions outstanding for the year 2019-20
6,000
Subscriptions received in Advance on 31.03.2019
8.000
Subscriptions received in Advance on 31.03.2019
9,000
Subscriptions of $ 9,000 is still in arrears for the year 2018-19
OR​

Answer 1

Answer:

From the following information, calculate amount of subscriptions to be credited to the Income and Expenditure Account for the year ended 31st March, 2018:

₹

1st April, 2017 Subscriptions in Arrears 50,000

Subscriptions Received in Advance 30,000

31st March, 2018 Subscriptions in Arrears 25,000

Subscriptions Received in Advance 70,000

Subscriptions received during the year ended 31st March, 2018 - ₹ 3,00,000