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Subscription of an 31. March, 2018
ols on
Recieved in advance on
31 March 2018
31 March 2019
11
31. March, 2019
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9. (Subscription and Treatment in B/S) Subscriptions received during the year ended
March 31, 2015 by Indus Club were as under:
2013-2014
3,000
2014-2015
93,000
2015-2016
2,000
The club has 500 members each paying 200 as annual subscription. Subscriptions
outstanding as on 31 March 2014 were 6,000. Calculate the amount of subscription to be
shown as income in the income and expenditure account for the year ended March 31st, 2015
and show the relevant data in the Balance Sheet on 31st March, 2014 and 2015.
(Ans. Subscription Income for the year 2014-15 * 1,00,000 O/S Subscription 10,000 ;
Subscription received in advance *2,000]
plz solve this question.... plz
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