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.
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Answer:
heyaa,,,
check the attachment for solution.
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