Question

Q. 16. Calculate the amount of subscription to be credited to Income and
Expenditure Account for the year ended 31st March 2020:
45,000
6,00,000
Particulars
(a) Subscription in arrears as on 1st April 2019
(Out of which 5,000 was not recoverable)
(b) Total Subscription received during the year ended 31st March 2020
(including 32,000 for 2018-19, 130,000 for 2020-21, 320,000
for 2021-22 and 5,000 for 2022-23)
(c) Subscription received in advance as on 1st April 2019
(including *10,000 for 2020-21)
(d) Subscription in arrears as on 31st March, 2020
30.000
A
70,000
[Ans. Subscription to be credited to Income & Expenditure Account 5,95,000.]
Hint : Subscription received in advance as on 31st March 2020, 65,000.​

Answer 1

Answer:

Q. 16. Calculate the amount of subscription to be credited to Income and

Expenditure Account for the year ended 31st March 2020:

45,000

6,00,000

Particulars

(a) Subscription in arrears as on 1st April 2019

(Out of which 5,000 was not recoverable)

(b) Total Subscription received during the year ended 31st March 2020

(including 32,000 for 2018-19, 130,000 for 2020-21, 320,000

for 2021-22 and 5,000 for 2022-23)

(c) Subscription received in advance as on 1st April 2019

(including *10,000 for 2020-21)

(d) Subscription