Anand sports club received Rs.175000 as subscription for the year ende

1.	Anand sports club received Rs.175000 as subscription for the year ended 31st March 2016. Consider the following adjustments and mention whether we should add or deduct each items to and out subscription fourth year.a) Subscription outstanding on 31st March 2016 Rs. 15,000. b) Subscription outstanding on 1st April 2015 Rs. 20,000. c) Subscription received in advance as on 1st April 2015 Rs.16,000 d) Subscription received in advance as on 3131 March 2016 Rs. 12,000
Answer» a) Subscription outstanding on 31st March 2016 Rs. 15000- Add b) Subscription outstanding on 1st April 2015 Rs. 20,000 – Deduct c) Subscription received in advance as on 1st April 2015 Rs. 16000- Add d) Subscription received in advance as on 3151 March 2016 Rs, 12,000- Deduct

Anand sports club received Rs.175000 as subscription for the year ended 31st March 2016. Consider the following adjustments and mention whether we should add or deduct each items to and out subscription fourth year.a) Subscription outstanding on 31st March 2016 Rs. 15,000. b) Subscription outstanding on 1st April 2015 Rs. 20,000. c) Subscription received in advance as on 1st April 2015 Rs.16,000 d) Subscription received in advance as on 3131 March 2016 Rs. 12,000

Answer»

a) Subscription outstanding on 31st March 2016 Rs. 15000- Add

b) Subscription outstanding on 1st April 2015 Rs. 20,000 – Deduct

c) Subscription received in advance as on 1st April 2015 Rs. 16000- Add

d) Subscription received in advance as on 3151 March 2016 Rs, 12,000- Deduct