Question

(Q21) Calculate the amount of subscription received during the year
ended 31st march 2020 from the following information:
(3-mar
Income from the subscription for the current year Rs. 16500, the other relevant
information is:
(a)subscription out standing as on 31st march 2019
Rs. 1050
(b)subscription received in advance as on 31st march 2019 Rs 860
(c) subscription out standing as on 31st march 2020
Rs. 1040
(b)subscription received in advance as on 31st march 2020 Rs 550​

Answer 1

Explanation:

the total amount received from subscription is

1050 + 860 + 1040 + 550 = 3500