1.

Receipts and Payments Account of Friends Club showed that ₹ 6,85,000 were received by way of subscriptions for the year ended on 31st March, 2018. The additional information was as under: (a) Subscription outstanding as on 31st March, 2017 were – ₹ 65,000. (b) Subscription received in advance as on 31st March, 2017 were – ₹ 41,000. (c) Subscription outstanding as on 31st March, 2018 were – ₹ 54,000. (d) Subscription received in advance as on 31st March, 2018 were – ₹ 25,000. Show how the above information would appear in the final accounts for the year ended on 31st March, 2018 of Friends Club.

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