calculate the subscription income from the following details obtained from the tendulkar club. subscription recived 225000rs. subscription due opening 60000 rs. subscription recived in advance 15000 rs. subscription due but not recieved closing 45000 rs. subscription recived in advance closing 30000 rs. ans. 195000rupee but how
Answers
Answered by
7
Explanation:
very simple
• Subscription received 2,25,000
• Outstanding subscription
previous year is 60,000
• Previous year advance 15000
• Outstanding current year 45,000
• next year advance 30,000
Subscription received 2,25,000
less- previous year
outstanding 60,000
Less- Advance next
year 30,000
Add- Advance previous
year 15000
Add- outstanding
subscription current year 45,000
Total 1,95,000
Hope this answer is helpful to you thank u
Similar questions