Q. 11. From the following information related to a 'Health Club', calculate the amount of subscriptions received during the year ended 31st March, 2018.
₹
income from subscriptions for the year ended 31st March, 2018
1,20,000
subscriptions received in advance during the year ended
31st March, 2018
10,000
subscriptions outstanding on 1st April, 2017
27,000
subscriptions outstanding on 31st March, 2018
22,000
subscriptions received in advance on 1st April, 2017.
8,000
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Answer:
Amount of subscriptions received during the year ended 31st March, 2018 is ₹ 1,27,000
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