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Calculate the amount of subscriptions outstanding from the following information for the year ending 2018-19. A club has 375 members each paying an annual subscription of Rs.1,000. Subscription outstanding on 31st March 2018 .60,000. Subscription received in advance on 31st March 2019 .45,000. Subscription received in advance on 31st March 2018 .18,000.?
Most Upvoted Answer
Calculate the amount of subscriptions outstanding from the following i...
Amount of Subscriptions Outstanding:
To calculate the amount of subscriptions outstanding for the year ending 2018-19, we need to consider the subscriptions received in advance and the subscriptions outstanding on 31st March of both 2018 and 2019.
1. Subscriptions Outstanding on 31st March 2018:
The subscriptions outstanding on 31st March 2018 are given as Rs.60,000.
2. Subscriptions Received in Advance on 31st March 2018:
The subscriptions received in advance on 31st March 2018 are given as Rs.18,000.
3. Subscriptions Received in Advance on 31st March 2019:
The subscriptions received in advance on 31st March 2019 are given as Rs.45,000.
4. Number of Members and Annual Subscription:
The club has 375 members, and each member pays an annual subscription of Rs.1,000.
Calculation:
To calculate the amount of subscriptions outstanding, we need to consider the subscriptions received in advance and subtract them from the subscriptions outstanding.
Subscriptions Outstanding on 31st March 2018:
Rs.60,000
Subscriptions Received in Advance on 31st March 2018:
Rs.18,000
Subscriptions Outstanding on 31st March 2019:
Subscriptions outstanding on 31st March 2018 - Subscriptions received in advance on 31st March 2018
= Rs.60,000 - Rs.18,000
= Rs.42,000
Subscriptions Received in Advance on 31st March 2019:
Rs.45,000
Total Subscriptions Outstanding:
Subscriptions outstanding on 31st March 2019 + Subscriptions Received in Advance on 31st March 2019
= Rs.42,000 + Rs.45,000
= Rs.87,000
Therefore, the total amount of subscriptions outstanding for the year ending 2018-19 is Rs.87,000.
Summary:
The amount of subscriptions outstanding for the year ending 2018-19 is Rs.87,000. This is calculated by subtracting the subscriptions received in advance on 31st March 2018 from the subscriptions outstanding on that date, and then adding the subscriptions received in advance on 31st March 2019.
To calculate the amount of subscriptions outstanding for the year ending 2018-19, we need to consider the subscriptions received in advance and the subscriptions outstanding on 31st March of both 2018 and 2019.
1. Subscriptions Outstanding on 31st March 2018:
The subscriptions outstanding on 31st March 2018 are given as Rs.60,000.
2. Subscriptions Received in Advance on 31st March 2018:
The subscriptions received in advance on 31st March 2018 are given as Rs.18,000.
3. Subscriptions Received in Advance on 31st March 2019:
The subscriptions received in advance on 31st March 2019 are given as Rs.45,000.
4. Number of Members and Annual Subscription:
The club has 375 members, and each member pays an annual subscription of Rs.1,000.
Calculation:
To calculate the amount of subscriptions outstanding, we need to consider the subscriptions received in advance and subtract them from the subscriptions outstanding.
Subscriptions Outstanding on 31st March 2018:
Rs.60,000
Subscriptions Received in Advance on 31st March 2018:
Rs.18,000
Subscriptions Outstanding on 31st March 2019:
Subscriptions outstanding on 31st March 2018 - Subscriptions received in advance on 31st March 2018
= Rs.60,000 - Rs.18,000
= Rs.42,000
Subscriptions Received in Advance on 31st March 2019:
Rs.45,000
Total Subscriptions Outstanding:
Subscriptions outstanding on 31st March 2019 + Subscriptions Received in Advance on 31st March 2019
= Rs.42,000 + Rs.45,000
= Rs.87,000
Therefore, the total amount of subscriptions outstanding for the year ending 2018-19 is Rs.87,000.
Summary:
The amount of subscriptions outstanding for the year ending 2018-19 is Rs.87,000. This is calculated by subtracting the subscriptions received in advance on 31st March 2018 from the subscriptions outstanding on that date, and then adding the subscriptions received in advance on 31st March 2019.
Community Answer
Calculate the amount of subscriptions outstanding from the following i...
Here , o/s subscription in beg is given as 60000 and advance at end is 45000& advance in beginning is 18000 so income and expenditure will be 375*1000=375000
+o/s of subscription in beg=60000
+advance at end=45000
- advance at end=(18000)
less - receipt and payments a/c =(397500)
o/s at end will be =64500
+o/s of subscription in beg=60000
+advance at end=45000
- advance at end=(18000)
less - receipt and payments a/c =(397500)
o/s at end will be =64500
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Calculate the amount of subscriptions outstanding from the following information for the year ending 2018-19. A club has 375 members each paying an annual subscription of Rs.1,000. Subscription outstanding on 31st March 2018 .60,000. Subscription received in advance on 31st March 2019 .45,000. Subscription received in advance on 31st March 2018 .18,000.?
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Calculate the amount of subscriptions outstanding from the following information for the year ending 2018-19. A club has 375 members each paying an annual subscription of Rs.1,000. Subscription outstanding on 31st March 2018 .60,000. Subscription received in advance on 31st March 2019 .45,000. Subscription received in advance on 31st March 2018 .18,000.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Calculate the amount of subscriptions outstanding from the following information for the year ending 2018-19. A club has 375 members each paying an annual subscription of Rs.1,000. Subscription outstanding on 31st March 2018 .60,000. Subscription received in advance on 31st March 2019 .45,000. Subscription received in advance on 31st March 2018 .18,000.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate the amount of subscriptions outstanding from the following information for the year ending 2018-19. A club has 375 members each paying an annual subscription of Rs.1,000. Subscription outstanding on 31st March 2018 .60,000. Subscription received in advance on 31st March 2019 .45,000. Subscription received in advance on 31st March 2018 .18,000.?.
Calculate the amount of subscriptions outstanding from the following information for the year ending 2018-19. A club has 375 members each paying an annual subscription of Rs.1,000. Subscription outstanding on 31st March 2018 .60,000. Subscription received in advance on 31st March 2019 .45,000. Subscription received in advance on 31st March 2018 .18,000.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Calculate the amount of subscriptions outstanding from the following information for the year ending 2018-19. A club has 375 members each paying an annual subscription of Rs.1,000. Subscription outstanding on 31st March 2018 .60,000. Subscription received in advance on 31st March 2019 .45,000. Subscription received in advance on 31st March 2018 .18,000.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate the amount of subscriptions outstanding from the following information for the year ending 2018-19. A club has 375 members each paying an annual subscription of Rs.1,000. Subscription outstanding on 31st March 2018 .60,000. Subscription received in advance on 31st March 2019 .45,000. Subscription received in advance on 31st March 2018 .18,000.?.
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