There are 400 members of a Club, each paying an annual subscription of Rs.200. Total subscription
received during the year 2018-19 were Rs.78,000 (including Rs.4,000 for last year and Rs.1,000 for next
year). During 2017-18, 15 members had paid their subscription for 201 8-19 also. What is the
Subscription outstanding for current year?
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Answer:
current year outstanding =7000
Explanation:
subscription received in 2018-2019= 78,000
-outstanding of 2017-2018 4,000
74,000
- advance of 2019-2020 1,000
subscription received for 2018,-19 73000
subscription receivable for 2018-19
(400×200) 80,000
outstanding for 2018-19 7,000
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