Question

There are 1125 members in an institution, each paying an annual subscription of 10 each. Subscription received in advance at the beginning and the end of the year Subscription received during the year * 10,000. Calculate subscription unpaid at the end of the year. ​

Answer 1

Answer:

SUBSCRIPTION RECEIVED DURING THE YEAR 10,000

(+) Advance at the beginning 3,250

(+) outstanding at the end (?) = 3250

(-) advance at the end (3500)

(-) outstanding at the beginning (1750)

I/E Cr.side = (1125×10)11,250

subscription unpaid at the end of the year(outstanding at the end) = 3250