Question

Find out income from subscription during the year ending 2019 : 2

Particulars `

Subscription received during the year 12,000

Subscription outstanding in the beginning of the year 2,000

Subscription received in advance for the next year 2020 900

Subscription received in advance during 2018 year 700

Subscription outstanding at the end of the year 2,800​

Answer 1

Answer:

Subscription received during the year

= 12000

(-) subscription Outstanding in the beginning of the year =. 2000

(-) subscription received in advance for next year = 900

(+) subscription received in advance in previous year=700

(+) subscription Outstanding st the end of year

=. 2800

balance of subscription

= 12000-2000-900+700+2800

= 12600