calculate the amount of subscription outstanding from the following information for the year ended 2018-2019
a club has 375 members each paying an annual subscription of rs 1000
subscription outstanding on 31st march 2018 is 60,000
subscription received in advance on 31st march2019 is 45000
subscription received in advance on 31st march 2018 is 18,000
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Answer:
Subscription = 375×1000
= rs. 3,75,000
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