CUET Exam  >  CUET Questions  >  During the year 2015 subscription received by... Start Learning for Free
During the year 2015 subscription received by a sports club 80000 these included rupees 3000 for the year 2014 and their rupees 6000 for the year 2016 on March 31st 2016 the amount of subsception due but not a received was the rupees 12000. calculate the amount of subsception to be shown in income and expenditure account as income from subscription.?
Most Upvoted Answer
During the year 2015 subscription received by a sports club 80000 thes...
Calculation of Subscription Income:
- Total subscription received in 2015: Rs. 80,000
- Subscription received for 2014: Rs. 3,000
- Subscription received for 2016: Rs. 6,000
- Subscription due but not received as of March 31, 2016: Rs. 12,000

Step 1: Adjust for subscriptions received in advance:
Subscriptions received for 2014 and 2016 need to be adjusted as they do not pertain to the year 2015.
Adjusted subscription income for 2015:
Rs. 80,000 - Rs. 3,000 (2014) - Rs. 6,000 (2016) = Rs. 71,000

Step 2: Account for subscriptions due but not received:
The amount of subscription due but not received as of March 31, 2016, needs to be added to the subscription income.
Adjusted subscription income for 2015 including subscriptions due but not received:
Rs. 71,000 + Rs. 12,000 = Rs. 83,000
Therefore, the amount of subscription to be shown in the income and expenditure account as income from subscription for the year 2015 is Rs. 83,000. This amount reflects the actual subscription income earned during the year after adjusting for subscriptions received in advance and those due but not received.
Explore Courses for CUET exam
During the year 2015 subscription received by a sports club 80000 these included rupees 3000 for the year 2014 and their rupees 6000 for the year 2016 on March 31st 2016 the amount of subsception due but not a received was the rupees 12000. calculate the amount of subsception to be shown in income and expenditure account as income from subscription.?
Question Description
During the year 2015 subscription received by a sports club 80000 these included rupees 3000 for the year 2014 and their rupees 6000 for the year 2016 on March 31st 2016 the amount of subsception due but not a received was the rupees 12000. calculate the amount of subsception to be shown in income and expenditure account as income from subscription.? for CUET 2024 is part of CUET preparation. The Question and answers have been prepared according to the CUET exam syllabus. Information about During the year 2015 subscription received by a sports club 80000 these included rupees 3000 for the year 2014 and their rupees 6000 for the year 2016 on March 31st 2016 the amount of subsception due but not a received was the rupees 12000. calculate the amount of subsception to be shown in income and expenditure account as income from subscription.? covers all topics & solutions for CUET 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for During the year 2015 subscription received by a sports club 80000 these included rupees 3000 for the year 2014 and their rupees 6000 for the year 2016 on March 31st 2016 the amount of subsception due but not a received was the rupees 12000. calculate the amount of subsception to be shown in income and expenditure account as income from subscription.?.
Solutions for During the year 2015 subscription received by a sports club 80000 these included rupees 3000 for the year 2014 and their rupees 6000 for the year 2016 on March 31st 2016 the amount of subsception due but not a received was the rupees 12000. calculate the amount of subsception to be shown in income and expenditure account as income from subscription.? in English & in Hindi are available as part of our courses for CUET. Download more important topics, notes, lectures and mock test series for CUET Exam by signing up for free.
Here you can find the meaning of During the year 2015 subscription received by a sports club 80000 these included rupees 3000 for the year 2014 and their rupees 6000 for the year 2016 on March 31st 2016 the amount of subsception due but not a received was the rupees 12000. calculate the amount of subsception to be shown in income and expenditure account as income from subscription.? defined & explained in the simplest way possible. Besides giving the explanation of During the year 2015 subscription received by a sports club 80000 these included rupees 3000 for the year 2014 and their rupees 6000 for the year 2016 on March 31st 2016 the amount of subsception due but not a received was the rupees 12000. calculate the amount of subsception to be shown in income and expenditure account as income from subscription.?, a detailed solution for During the year 2015 subscription received by a sports club 80000 these included rupees 3000 for the year 2014 and their rupees 6000 for the year 2016 on March 31st 2016 the amount of subsception due but not a received was the rupees 12000. calculate the amount of subsception to be shown in income and expenditure account as income from subscription.? has been provided alongside types of During the year 2015 subscription received by a sports club 80000 these included rupees 3000 for the year 2014 and their rupees 6000 for the year 2016 on March 31st 2016 the amount of subsception due but not a received was the rupees 12000. calculate the amount of subsception to be shown in income and expenditure account as income from subscription.? theory, EduRev gives you an ample number of questions to practice During the year 2015 subscription received by a sports club 80000 these included rupees 3000 for the year 2014 and their rupees 6000 for the year 2016 on March 31st 2016 the amount of subsception due but not a received was the rupees 12000. calculate the amount of subsception to be shown in income and expenditure account as income from subscription.? tests, examples and also practice CUET tests.
Explore Courses for CUET exam

Top Courses for CUET

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev