From the following information, calculate the amount of subscription t

1.	From the following information, calculate the amount of subscription to be credited to Income and Expenditure Account for the year 2017-18. Subscription received during the year Rs 1,60,000 Subscription outstanding as at 31-03-2017 Rs 50,000 Subscription outstanding as at 31-03-2018 Rs 12,000 Subscription received in advance on 31-03-2017 Rs 30,000 Subscription received in advance on 31-03-2018 Rs 20,000 Subscription of Rs 5,000 are still in arrears for the year ended on 31-03-2017.
Answer» From the following information, calculate the amount of subscription to be credited to Income and Expenditure Account for the year 2017-18. Subscription received during the year Rs 1,60,000 Subscription outstanding as at 31-03-2017 Rs 50,000 Subscription outstanding as at 31-03-2018 Rs 12,000 Subscription received in advance on 31-03-2017 Rs 30,000 Subscription received in advance on 31-03-2018 Rs 20,000 Subscription of Rs 5,000 are still in arrears for the year ended on 31-03-2017.

From the following information, calculate the amount of subscription to be credited to Income and Expenditure Account for the year 2017-18. Subscription received during the year Rs 1,60,000 Subscription outstanding as at 31-03-2017 Rs 50,000 Subscription outstanding as at 31-03-2018 Rs 12,000 Subscription received in advance on 31-03-2017 Rs 30,000 Subscription received in advance on 31-03-2018 Rs 20,000 Subscription of Rs 5,000 are still in arrears for the year ended on 31-03-2017.

Answer»

From the following information, calculate the amount of subscription to be credited to Income and Expenditure Account for the year 2017-18.

Subscription received during the year Rs 1,60,000

Subscription outstanding as at 31-03-2017 Rs 50,000

Subscription outstanding as at 31-03-2018 Rs 12,000

Subscription received in advance on 31-03-2017 Rs 30,000

Subscription received in advance on 31-03-2018 Rs 20,000

Subscription of Rs 5,000 are still in arrears for the year ended on 31-03-2017.