# Calculate Amount of Subscriptions Which Will Be Treated as Income for the Year Ended 31st March, 2019 for Each of the Following Cases: - Accountancy

Ledger

Calculate amount of subscriptions which will be treated as income for the year ended 31st March, 2019 for each of the following cases:

#### Solution

Case 1

 Statement of Subscriptionfor the year ended March 31, 2019 Particulars Amount (₹) Subscriptions collected during the year 2018-19 2,50,000 Add: Subscriptions-in-arrears for the year 2018-19 6,000 Less: Subscriptions received in advance for the year 2019-20 (5,000) Subscriptions Income for the year 2018-19 2,51,000

Case 2

 Statement of Subscription for the year ended March 31, 2019 Particulars Amount (₹) Subscriptions collected during the year 2018-19 49,000 Add: Subscriptions collected for 2018-19 in 2017-18 3,000 Add: Subscriptions unpaid for the year 2018-19 2,000 Subscriptions Income for the year 2018-19 54,000

Case 3

 Statement of Subscription for the year ended March 31, 2019 Particulars Amount (₹) Subscriptions received during the year 2018-19 25,000 Less: Subscriptions outstanding in the beginning of 2018-19 (3,000) Add: Subscriptions yet not collected for 2018-19 5,000 Subscriptions Income for the year 2018-19 27,000

Case 4

 Statement of Subscription for the year ended March 31, 2019 Particulars Amount (₹) Subscriptions received during the year 2018-19 80,000 Less: Subscriptions outstanding in the beginning of 2018-19 (5,000) Add: Subscriptions yet not collected for 2018-19 8,000 Less: Subscriptions for 2019-20 received in advance (2,000) Subscriptions Income for the year 2018-19 81,000

Case 5

 Statement of Subscription for the year ended March 31, 2019 Particulars Amount (₹) Subscriptions received during the year 2018-19 90,000 Less: Subscriptions outstanding at the end of 2017-18 (5,000) Add: Subscriptions received in advance on Mar. 31, 2018 3,000 Less: Subscriptions received in advance on Mar. 31, 2019 (4,000) Add: Subscriptions not yet collected for 2018-19 6,000 Subscriptions Income for the year 2018-19 90,000
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#### APPEARS IN

TS Grewal Class 12 Accountancy - Double Entry Book Keeping Volume 1
Chapter 1 Financial Statements of Not for Profit Organisations
Exercise | Q 16 | Page 59