Question

there are 900 members in the society, each paying 10as subscription. subscription received in advance at the beginning and at the end rs 2600 and 2800 respectively. subscription unpaid at the end of the year rs 1400. subscription received during the year is 8000. calculate subscription unpaid at the end​

Answer 1

Answer:

Subscription received during the year = 8000

(+)advance subscription previous year = 2600

(-) advance subscription for current year = 2800

(-) subscription outstanding in previous year= 1400

= 6400

Annual income of subscription = 900*10=9000

so outstanding subscription outstanding at the end of year

9000-6400= 2600