1.

How are the following items of subscriptions shown in the Income and Expenditure Account for the year ended 31st March, 2018 and Balance Sheets as at 31st March, 2017 and 2018 ? ₹Subscriptions received during the year ended 31st March, 2018 3,58,500Subscriptions outstanding on 31st March ,2017 30,000Subscriptions received in Advance on 31st March,2017 22,500Subscriptions received in Advance on 31st March,2018 13,500Subscriptions outstanding on 31st March ,2018 37,500(including ​ ₹ 12,500 for the year ended 31st March, 2017)

Answer» How are the following items of subscriptions shown in the Income and Expenditure Account for the year ended 31st March, 2018 and Balance Sheets as at 31st March, 2017 and 2018 ?



Subscriptions received during the year ended 31st March, 2018 3,58,500

Subscriptions outstanding on 31st March ,2017 30,000

Subscriptions received in Advance on 31st March,2017 22,500

Subscriptions received in Advance on 31st March,2018 13,500

Subscriptions outstanding on 31st March ,2018 37,500

(including ​ ₹ 12,500 for the year ended 31st March, 2017)


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