Question

Subscriptions received by Saurabh Sports Club during the year 2019-2020 is as follows: For 2018-2019 -Rs.15,000; For 2019-2020 - Rs.2,65,000 and For 2020-2021 - Rs.5,000. If Subscriptions outstanding as on 31st March, 2019 is Rs.20,000 and as on 31st March, 2020 is Rs.15,000, the amount of total subscription to be transferred to Income & Expenditure Account for the year ending 31st March, 2020 will be - *​

Answer 1

Answer:

265000-15000-5000-20000+15000=240000