Question

From the following information, calculate the amount of subscriptions outstanding as at
31st March, 2009.
A club has 250 members each paying an annual subscription of Rs.1,000.
The receipts and payments account for the year showed a sum of Rs.2,05,000 received as
subscriptions. The following additional information is provided

Amt (Rs.)
Subscription outstanding on31st March, 2008 30,000
Subscription received in advance on 31st March, 2009 40,000
Subscription received in advance on 31st March, 2008 14,000

Answer 1

Answer:

Explanation:

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