Receipt and PaymentAccount of Maitrey Sports Club showed that Rs 68,50

1.	Receipt and PaymentAccount of Maitrey Sports Club showed that Rs 68,500 were received byway of subscriptions for the year ended on March 31, 2006.The additionalinformation was as under:1. SubscriptionOutstanding as on March 31, 2005 were Rs 6,500,2. Subscriptionreceived in advance as on March 31, 2005 were Rs 4,100,3. SubscriptionOutstanding as on March 31, 2006 were Rs 5,400,4. Subscriptionreceived in advance as on March 31, 2006 were Rs 2,500.Show how that aboveinformation would appear in the final accounts for the year ended onMarch 31, 2006 of Maitrey Sports Club.
Answer» Receipt and Payment Account of Maitrey Sports Club showed that Rs 68,500 were received by way of subscriptions for the year ended on March 31, 2006. The additional information was as under: 1. Subscription Outstanding as on March 31, 2005 were Rs 6,500, 2. Subscription received in advance as on March 31, 2005 were Rs 4,100, 3. Subscription Outstanding as on March 31, 2006 were Rs 5,400, 4. Subscription received in advance as on March 31, 2006 were Rs 2,500. Show how that above information would appear in the final accounts for the year ended on March 31, 2006 of Maitrey Sports Club.

Receipt and PaymentAccount of Maitrey Sports Club showed that Rs 68,500 were received byway of subscriptions for the year ended on March 31, 2006.The additionalinformation was as under:1. SubscriptionOutstanding as on March 31, 2005 were Rs 6,500,2. Subscriptionreceived in advance as on March 31, 2005 were Rs 4,100,3. SubscriptionOutstanding as on March 31, 2006 were Rs 5,400,4. Subscriptionreceived in advance as on March 31, 2006 were Rs 2,500.Show how that aboveinformation would appear in the final accounts for the year ended onMarch 31, 2006 of Maitrey Sports Club.

Answer»

Receipt and Payment
Account of Maitrey Sports Club showed that Rs 68,500 were received by
way of subscriptions for the year ended on March 31, 2006.

The additional
information was as under:

1. Subscription
Outstanding as on March 31, 2005 were Rs 6,500,

2. Subscription
received in advance as on March 31, 2005 were Rs 4,100,

3. Subscription
Outstanding as on March 31, 2006 were Rs 5,400,

4. Subscription
received in advance as on March 31, 2006 were Rs 2,500.

Show how that above
information would appear in the final accounts for the year ended on
March 31, 2006 of Maitrey Sports Club.