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From the following, find out the amount of subscriptions to be included in the Income and Expenditure Account for the year ended 31st March, 2019:
₹2,000
30,000
3,000
Subscriptions were received during the year 2018-19 as:
For the year 2017-18
For the year 2018-19
For the year 2019-20
Subscriptions outstanding as at 31st March, 2018 were 3,500 out of which 500 were considered to be irrecoverable. On the same date, subscriptions received in advance for 2018-19 were 2,000. Subscriptions still outstanding as at 31st March, 2019 amounted to ₹ 6,000. explain in detail?
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From the following, find out the amount of subscriptions to be include...
Calculation of Subscriptions to be Included in the Income and Expenditure Account
Subscriptions received during the year 2018-19:
- For the year 2017-18: ₹2,000
- For the year 2018-19: ₹30,000
- For the year 2019-20: ₹3,000
Subscriptions outstanding as at 31st March, 2018:
- Total outstanding: ₹3,500
- Irrecoverable: ₹500
- Net outstanding: ₹3,000
Subscriptions received in advance for 2018-19 as at 31st March, 2018:
- Amount received: ₹2,000
Subscriptions still outstanding as at 31st March, 2019:
- Total outstanding: ₹6,000

Calculation:
Total Subscriptions received during the year 2018-19 = ₹30,000
Subscriptions outstanding as at 31st March, 2019 = ₹6,000
Subscriptions received in advance for 2018-19 as at 31st March, 2018 = ₹2,000
Therefore, the amount of subscriptions to be included in the Income and Expenditure Account for the year ended 31st March, 2019 would be:
₹30,000 (received during the year) - ₹6,000 (outstanding as at 31st March, 2019) + ₹2,000 (received in advance) = ₹26,000.
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From the following, find out the amount of subscriptions to be included in the Income and Expenditure Account for the year ended 31st March, 2019:₹2,00030,0003,000Subscriptions were received during the year 2018-19 as:For the year 2017-18For the year 2018-19For the year 2019-20Subscriptions outstanding as at 31st March, 2018 were 3,500 out of which 500 were considered to be irrecoverable. On the same date, subscriptions received in advance for 2018-19 were 2,000. Subscriptions still outstanding as at 31st March, 2019 amounted to ₹ 6,000. explain in detail?
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