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Calculate the income from subscription for the year 2015 from the following particular: Outstanding subscription 19300, 18000 Advance subscription 13400, 14100 Subscription received during 2015 is 31400?
Most Upvoted Answer
Calculate the income from subscription for the year 2015 from the foll...
Calculation of Income from Subscription for the Year 2015
- Outstanding Subscription: The outstanding subscription is the amount of subscription that was due but not received at the end of the year. In this case, the outstanding subscription for the year 2015 was 19,300.
- Advance Subscription: Advance subscription is the amount of subscription that is received in advance for the next year. In this case, the advance subscription received for the year 2015 was 13,400 and 14,100.
- Subscription Received During 2015: The subscription received during the year 2015 was 31,400.
Calculation of Income from Subscription:
- Total Subscription: The total subscription for the year 2015 can be calculated by adding the outstanding subscription, advance subscription, and subscription received during the year.
Total subscription = Outstanding subscription + Advance subscription + Subscription received during 2015
Total subscription = 19,300 + (13,400 + 14,100) + 31,400
Total subscription = 78,200 - Income from Subscription: The income from subscription can be calculated by subtracting the outstanding subscription from the total subscription.
Income from subscription = Total subscription - Outstanding subscription
Income from subscription = 78,200 - 19,300
Income from subscription = 58,900
Conclusion:
Therefore, the income from subscription for the year 2015 was 58,900.
Community Answer
Calculate the income from subscription for the year 2015 from the foll...
Subscription rec during 2015 = 31400
(-) o/s beg -19300
(+)o/s end +18000
(+)advance beg +13400
(-)advance end -14100
subscription to be cr to I/E ac= 30100
(-) o/s beg -19300
(+)o/s end +18000
(+)advance beg +13400
(-)advance end -14100
subscription to be cr to I/E ac= 30100
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Calculate the income from subscription for the year 2015 from the following particular: Outstanding subscription 19300, 18000 Advance subscription 13400, 14100 Subscription received during 2015 is 31400?
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Calculate the income from subscription for the year 2015 from the following particular: Outstanding subscription 19300, 18000 Advance subscription 13400, 14100 Subscription received during 2015 is 31400? 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 income from subscription for the year 2015 from the following particular: Outstanding subscription 19300, 18000 Advance subscription 13400, 14100 Subscription received during 2015 is 31400? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate the income from subscription for the year 2015 from the following particular: Outstanding subscription 19300, 18000 Advance subscription 13400, 14100 Subscription received during 2015 is 31400?.
Calculate the income from subscription for the year 2015 from the following particular: Outstanding subscription 19300, 18000 Advance subscription 13400, 14100 Subscription received during 2015 is 31400? 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 income from subscription for the year 2015 from the following particular: Outstanding subscription 19300, 18000 Advance subscription 13400, 14100 Subscription received during 2015 is 31400? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate the income from subscription for the year 2015 from the following particular: Outstanding subscription 19300, 18000 Advance subscription 13400, 14100 Subscription received during 2015 is 31400?.
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