Amt (Rs.) | |
2016 | 13,000 |
2017 | 86,000 |
2018 | 5,000 |
1,04,000 |
Particulars | Amt (Rs.) |
Subscription Outstanding as on 31st Dec, 2016 | 18,000 |
Subscription Outstanding as on 31st Dec, 2017 | 15,000 |
Subscription Received in Advance in 2016 for 2017 | 4,000 |
Answer:
Calculate of subscription for 2017 to be shown in income and expenditure account.
Particulars Amt (Rs.) Total Subscription Received during 2017 1,04,000 (+) Subscription Outstanding at 31st Dec, 2017 15,000 1,19,000 (-) Subscription Outstanding at 31st Dec, 2016 (18,000) 1,01,000 (+) Subscription Received in Advance in 2016 for 2017 4,000 1,05,000 (-) Subscription Received in Advance in 2017 for 2018 (5,000) 1,00,000
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