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Pare a statement showing subscriptions received in 2007-08 as per Receipts and ments Account. Rs. 82,000 4,000 9,500 W 2,000 500 5,000 1,000 Subscriptions Income For 2007-08 as per Income and Expenditure Advance subscriptions received in 2006-07 Subscriptions outstanding at the end of 2007-08 including Rs 1,000 for Advance subscriptions received for 2008-09 Subscriptions written-off during 2007-08 Subscriptions receivable on 1.4.2007 Subscriptions collected for 2007-08 by the Secretary?
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Pare a statement showing subscriptions received in 2007-08 as per Rece...
Subscriptions received in 2007-08
- Receipts and Payments Account: Rs. 82,000
- Advance subscriptions received in 2006-07: Rs. 4,000
- Subscriptions outstanding at the end of 2007-08 including Rs. 1,000 for Advance subscriptions received for 2008-09: Rs. 9,500
- Subscriptions written-off during 2007-08: Rs. 2,000
- Subscriptions receivable on 1.4.2007: Rs. 500
- Subscriptions collected for 2007-08 by the Secretary: Rs. 5,000
Explanation
The subscriptions received in 2007-08 can be determined by considering the information provided in the Receipts and Payments Account, Income and Expenditure Account, and the subscription details.
Receipts and Payments Account
The Receipts and Payments Account shows a subscription amount of Rs. 82,000. This represents the total subscriptions received during the year 2007-08.
Advance subscriptions received in 2006-07
The advance subscriptions received in the previous year (2006-07) are not considered as part of the subscriptions received in 2007-08. These advance subscriptions are accounted for separately.
Subscriptions outstanding at the end of 2007-08
The subscriptions outstanding at the end of 2007-08 include the subscriptions not yet received for the year, including advance subscriptions for the following year. In this case, the outstanding subscriptions amount to Rs. 9,500, which includes Rs. 1,000 for advance subscriptions received for 2008-09.
Subscriptions written-off during 2007-08
During the year 2007-08, subscriptions amounting to Rs. 2,000 were written off. This means that these subscriptions were deemed uncollectible and were removed from the accounts.
Subscriptions receivable on 1.4.2007
On 1st April 2007, the subscriptions receivable amounted to Rs. 500. This represents the subscriptions that were due but not yet received at the beginning of the financial year.
Subscriptions collected for 2007-08 by the Secretary
The subscriptions collected for 2007-08 by the Secretary amount to Rs. 5,000. This represents the actual amount of subscriptions received and collected by the Secretary during the year.
In summary, the subscriptions received in 2007-08 can be calculated as follows:
Total subscriptions received in 2007-08 = Receipts and Payments Account - Advance subscriptions received in 2006-07 + Subscriptions collected for 2007-08 by the Secretary
= Rs. 82,000 - Rs. 4,000 + Rs. 5,000 = Rs. 83,000
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Pare a statement showing subscriptions received in 2007-08 as per Receipts and ments Account. Rs. 82,000 4,000 9,500 W 2,000 500 5,000 1,000 Subscriptions Income For 2007-08 as per Income and Expenditure Advance subscriptions received in 2006-07 Subscriptions outstanding at the end of 2007-08 including Rs 1,000 for Advance subscriptions received for 2008-09 Subscriptions written-off during 2007-08 Subscriptions receivable on 1.4.2007 Subscriptions collected for 2007-08 by the Secretary?
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Pare a statement showing subscriptions received in 2007-08 as per Receipts and ments Account. Rs. 82,000 4,000 9,500 W 2,000 500 5,000 1,000 Subscriptions Income For 2007-08 as per Income and Expenditure Advance subscriptions received in 2006-07 Subscriptions outstanding at the end of 2007-08 including Rs 1,000 for Advance subscriptions received for 2008-09 Subscriptions written-off during 2007-08 Subscriptions receivable on 1.4.2007 Subscriptions collected for 2007-08 by the Secretary? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Pare a statement showing subscriptions received in 2007-08 as per Receipts and ments Account. Rs. 82,000 4,000 9,500 W 2,000 500 5,000 1,000 Subscriptions Income For 2007-08 as per Income and Expenditure Advance subscriptions received in 2006-07 Subscriptions outstanding at the end of 2007-08 including Rs 1,000 for Advance subscriptions received for 2008-09 Subscriptions written-off during 2007-08 Subscriptions receivable on 1.4.2007 Subscriptions collected for 2007-08 by the Secretary? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Pare a statement showing subscriptions received in 2007-08 as per Receipts and ments Account. Rs. 82,000 4,000 9,500 W 2,000 500 5,000 1,000 Subscriptions Income For 2007-08 as per Income and Expenditure Advance subscriptions received in 2006-07 Subscriptions outstanding at the end of 2007-08 including Rs 1,000 for Advance subscriptions received for 2008-09 Subscriptions written-off during 2007-08 Subscriptions receivable on 1.4.2007 Subscriptions collected for 2007-08 by the Secretary?.
Pare a statement showing subscriptions received in 2007-08 as per Receipts and ments Account. Rs. 82,000 4,000 9,500 W 2,000 500 5,000 1,000 Subscriptions Income For 2007-08 as per Income and Expenditure Advance subscriptions received in 2006-07 Subscriptions outstanding at the end of 2007-08 including Rs 1,000 for Advance subscriptions received for 2008-09 Subscriptions written-off during 2007-08 Subscriptions receivable on 1.4.2007 Subscriptions collected for 2007-08 by the Secretary? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Pare a statement showing subscriptions received in 2007-08 as per Receipts and ments Account. Rs. 82,000 4,000 9,500 W 2,000 500 5,000 1,000 Subscriptions Income For 2007-08 as per Income and Expenditure Advance subscriptions received in 2006-07 Subscriptions outstanding at the end of 2007-08 including Rs 1,000 for Advance subscriptions received for 2008-09 Subscriptions written-off during 2007-08 Subscriptions receivable on 1.4.2007 Subscriptions collected for 2007-08 by the Secretary? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Pare a statement showing subscriptions received in 2007-08 as per Receipts and ments Account. Rs. 82,000 4,000 9,500 W 2,000 500 5,000 1,000 Subscriptions Income For 2007-08 as per Income and Expenditure Advance subscriptions received in 2006-07 Subscriptions outstanding at the end of 2007-08 including Rs 1,000 for Advance subscriptions received for 2008-09 Subscriptions written-off during 2007-08 Subscriptions receivable on 1.4.2007 Subscriptions collected for 2007-08 by the Secretary?.
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