Question

(a) Following are the extracts of Receipts and Payments Accounts of
Sports Club for the year ended 31st December, 2017 :
Receipts.
Subscription: 2016 3,500
2017 61,000
2018 2,000
___________
66,500
Additional Infomations :
(1) Total members 500
(ii) Monthly subscription 11 per month.
(iii) Subscription outstanding 2016 was 4,000
How these items will be shown in the financial statements of sports club?
[Ans. Income from subscription 66,000, Subscriptions o/s 5.500
(5,000 for 2017 + 500 for 2016, and Advance Subscription 2,000)​

Answer 1

Answer:

X-axis=(5,0)   Y-axis =(0,5)

Comparing with (n,0)  and  (0,m)

n=5  and m=5

∴m+n=5+5=10