Question

A Charitable Institution has 250 members with an annual subscription of 5,000 each. The subscription received during 2018-19 were 11,25,000, which include 65,000 and 25,000 for the years of 2017-18 and 2019-20 respectively. Amount of outstanding subscription for the 2018-19 will be.A. 90,000B. 1,25,000 C. 2,15,000 D. 1,90,000​

Answer 1

Answer:

subscription received = 1125000

(-) outstanding subscription = 65000

(-) advance subscription = 25000

= 1035000

Annual income of subscription = 5000*250= 1250000

outstanding subscription at the end of year = 1250000-1035000= 215000 is the answer