(a) Following are the extracts of Receipts and Payments Accounts of Sports Club for the year ended 31st December, 2017 :Receipts. Subscription: 2016 3,500 2017 61,000 2018 2,000 ___________ 66,500 Additional Infomations :(1) Total members 500(ii) Monthly subscription 11 per month.(iii) Subscription outstanding 2016 was 4,000How these items will be shown in the financial statements of sports club?[Ans. Income from subscription 66,000, Subscriptions o/s 5.500(5,000 for 2017 + 500 for 2016, and Advance Subscription 2,000)

(a) Following are the extracts of Receipts and Payments Accounts of

1.	(a) Following are the extracts of Receipts and Payments Accounts of Sports Club for the year ended 31st December, 2017 :Receipts. Subscription: 2016 3,500 2017 61,000 2018 2,000 ___________ 66,500 Additional Infomations :(1) Total members 500(ii) Monthly subscription 11 per month.(iii) Subscription outstanding 2016 was 4,000How these items will be shown in the financial statements of sports club?[Ans. Income from subscription 66,000, Subscriptions o/s 5.500(5,000 for 2017 + 500 for 2016, and Advance Subscription 2,000)
Answer» X-axis=(5,0) Y-axis =(0,5)COMPARING with (n,0) and (0,m)n=5 and m=5∴m+n=5+5=10

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