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प्रश्न
As per Receipts and Payments Account of Kala Club for the year ended 31st March, 2021, subscriptions received were ₹ 4,00,000.
| ₹ | |
| Subscriptions outstanding on 1.4.2020 | 1,00,000 |
| Subscriptions outstanding on 31.3.2021 | 70,000 |
| Subscriptions received in advance on 1.4.2020 | 50,000 |
| Subscriptions received in advance on 31.3.2021 | 80,000 |
Calculate the amount of subscriptions to be shown in Income and Expenditure Account for the year ended 31st March, 2021 as income from subscription.
खातेवही
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उत्तर
| Dr. | In the books of Kala Club Subscription Account |
Cr. | |
| Particulars | Amount (₹) | Particulars | Amount (₹) |
| To Outstanding Subscription (In the beginning) |
1,00,000 | By Advance Subscription (In the beginning) |
50,000 |
| To Income and Exp. A/c (Balancing figure) |
3,40,000 | By Bank A/c (Subscription received during the year) |
4,00,000 |
| To Advance Subscription (Advance at the end) |
80,000 | By Outstanding Subscription (Outstanding at the end) |
70,000 |
| 5,20,000 | 5,20,000 | ||
| Subscription to be shown in Income & Expenditure A/c for the year ended 31st March, 2021. |
|
| Particulars | Amount (₹) |
| Subscription received | 4,00,000 |
| Add: Subscription o/s as on 31.3.2021 | 70,000 |
| Subscription received in advance on 31.4.2020 | 50,000 |
| 5,20,000 | |
| Less: Subscription o/s as on 31.4.2020 | (1,00,000) |
| Subscription received in advance on 31.3.2021 | (80,000) |
| Subscription to be shown in Income & Expenditure A/c | 3,40,000 |
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