Question

From the following information calculatethe amount of subscription to be credited in the income and expenditure account of bharat sports club for the year ending 31st march 2019 during the year the club received 120000 as subscription which included 5000 for the year ending 31st march 2018 .additonal information is that outstanding and advance subscription for the year ending 31st march 2018 is 7000 and 8000 and outstanding and advance subscription for the year ending 31st march 2019 is 9500 and 12500​

Answer 1

Answer:

Total subscriptions 21000×200 members =200000

T. subscription recived =2,05,000

(-) Subscriptions o/s (op) (30,000)

(-) Subscriptions rec. in adv (40,000)

(closing)

1,49,000

T. subscription (2,00,000)

o.s as on 31st, march 17

51,000

Explanation:

step by step explanation

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