Question

From the following particulars, calculate amount of subscriptions to be credited to the Income and Expenditure Account for the year ended 31st March, 2018:
(a) Subscriptions in arrears on 31st March, 2017 – ₹ 500
(b) Subscriptions received in advance on 31st March, 2017 for the year ended on 31st March, 2018 – ₹ 1,100
(c) Total Subscriptions received during the year ended 31st March, 2018 – ₹ 35,400
(including ₹ 400 for the year ended 31st March, 2017 ₹ 1,200 for the year ended 31st March, 2019 and ₹ 300 for the year ended 31st March, 2020)
(d) Subscriptions outstanding for year ended 31st March, 2018 – ₹ 400

Answer 1

HEYA MATE YOUR ANSWER IS

Total Subscriptions received during the year ended 31st March, 2018 – ₹ 35,400

(including ₹ 400 for the year ended 31st March, 2017 ₹ 1,200 for the year ended

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Answer 2

Answer:

Why 500 is not calulated