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प्रश्न
In the year ended 31st March, 2019, subscriptions received by Kings Club, Delhi were ₹ 4,09,000 including ₹ 5,000 for the year ended 31st March, 2018 and ₹ 10,000 for the year ended 31st March, 2020. At the end of the year ended 31st March, 2019, subscriptions outstanding for the year ended 31st March, 2019 were ₹ 15,000. The subscriptions due but not received at the end of the previous year, i.e., 31st March, 2018 were ₹ 8,000, while subscriptions received in advance on the same date were ₹ 18,000.
Calculate amount of subscriptions to be credited to Income and Expenditure Account for the year ended 31st March, 2019.
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उत्तर
|
Statement of Subscription for the year ended March 31, 2019 |
|
|
Particulars |
Amount (₹) |
|
Subscription received during the year 2018-19 |
4,09,000 |
|
Add: Outstanding for 2018-19 (Current year) |
15,000 |
|
Less: Received for 2017-18 (Previous year) |
(5,000) |
|
Add: Advance received in 2017-18 (Previous year) |
18,000 |
|
Less: Advance received for 2019-20 (Next year) |
10,000) |
|
Subscription to be credited to Income and Expenditure Account |
4,27,000 |
