Question

3. Compute the income from subscription for the year 2012 from the following
particulars relating to a club:
1.1.2012 31.12.2012
Outstanding Subscription
19,000 14,000
Advance Subscription
5,600 10,400
Subscription received during 2012 2,97,800​

Answer 1

Answer:

288000

Explanation:

current year amt received 297800

add: Advance of PY +5600

Outstanding of CY + 14000

less : Advance of CY ( 10400)

Outstanding of PY (19000)

______________________________

288000