Question

-. From the given extracts obtained from the Receipts and Payments Account of Cheema Club for the year
ended 31st March, 2019 and additional information, calculate the amount of subscription in arrears as on
31st March, 2019:
Subscriptions Received
₹
2017-18
10,000
2018-19
1,20,000
2019-20
7,000
Additional Information: The Club had 130 members paying an annual subscription of 1,000 each.
Subscriptions in arrears at the beginning of the year were * 16,000. 10 members paid subscriptions for
2018-19 in 2017-18.
(CBSE 2020)
[Ans.: Subscription in arrear as on 31st March, 2019—56,000.]
I:17​

Answer 1

Answer:

Subscriptions Received

₹

2017-18

10,000

2018-19

1,20,000

2019-20

7,000

Answer 2

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