Question

from the following extract of the receipt and payment account and the

additional information, you are required to compute income from subscriptions

for the year ended 31st march, 2018.

Dr Receipt and payment account for the year ended 31st march, 2018 CrTo subscriptions:

2016- 17

2017- 18

2018-19

18,000

1,00,000

25,000

Additional information:

(i) Subscription outstanding as at 31st march, 2017: rs 20,000.

(ii) Subscription outstanding as at 31st march, 2018: rs 30,000.

(iii) Subscriptions received in advance as at 31st march, 2017: rs 20,000.​

Answer 1

Answer:

heyaa,,,

check the attachment for solution.