Question

‘Receipts and Payment A/c’ of Sears club for the year ended on 31.3.2020: Receipts Amount Payments Amount To Subscription: 2018-19 40,000 2019-20 94,000 2020-21 7,200 1,41,200 The club has 200 members each paying annual subscription of Rs.1,000 each. Rs.60,000 were outstanding from last year and 25 members paid subscription in advance in last year for current year. Calculate Subscription outstanding as on 31.3.2020

Answer 1

Answer:

and Payment A/c’ of Sears club for the year ended on 31.3.2020: Receipts Amount Payments Amount To Subscription: 2018-19 40,000 2019-20 94,000 2020-21 7,200 1,41,200 The club has 200 members each paying annual subscription of Rs.1,000 each. Rs.60,000 were outstanding from last year and 25