question_answer

Subscriptions received by the Health Club during the year 2017 were as under:

	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

Calculate the amount of subscription to be shown in Income and Expenditure Account.

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