Question

Find out Subscription Income for the year 2014:

Particulars Rs.

Subscription received during the year 2014 7,40,000

Subscription outstanding as on 31.12.2013 25,000

Subscription outstanding as on 31.12.2014 60,000

Advance Subscription as on 31.12.2013 15,000

Advance Subscription during the year 2014 18,000

Advance Subscription of previous years not pertaining to the year 2014 3,000​

Answer 1

Answer:

7,72,000 Is The Total Subscription Income For The Year 2014

Explanation:

7,40,000

(-) 25,000

—————

7,15,000

(+) 60,000

——————

7,75,000

(+) 15,000

————

7.90.000

(-). 18,000

—————

7,72,000