Receipts and Payments Account of Young Association disclosed that it h

1.	Receipts and Payments Account of Young Association disclosed that it has received Rs 2,00,000 by way of subscriptions during the year ended on March 31, 2016. RsSubscription Outstanding as on 1-4-2015(Out of which Rs 3,500 were received in 2015-16)5,000Subscription received in advance on 31-3-20153,000Subscription received in advance on 31-3-20164,100 Show how the subscription will appear in the Income and Expenditure Account for the year ending March 31, 2016 and the Balance Sheet as at that date in each of the following alternative cases : Case (a) If subscription outstanding for 2015-16 is Rs 6,400 Case (b) If subscription outstanding as on 31-3-2016 is Rs 6,400
Answer» Receipts and Payments Account of Young Association disclosed that it has received Rs 2,00,000 by way of subscriptions during the year ended on March 31, 2016. $\begin{matrix} Rs Subscription Outstanding as on 1-4-2015 (Out of which Rs 3,500 were received in 2015-16) & 5, 000 Subscription received in advance on 31-3-2015 & 3, 000 Subscription received in advance on 31-3-2016 & 4, 100 \end{matrix}$ Show how the subscription will appear in the Income and Expenditure Account for the year ending March 31, 2016 and the Balance Sheet as at that date in each of the following alternative cases : Case (a) If subscription outstanding for 2015-16 is Rs 6,400 Case (b) If subscription outstanding as on 31-3-2016 is Rs 6,400

Receipts and Payments Account of Young Association disclosed that it has received Rs 2,00,000 by way of subscriptions during the year ended on March 31, 2016. RsSubscription Outstanding as on 1-4-2015(Out of which Rs 3,500 were received in 2015-16)5,000Subscription received in advance on 31-3-20153,000Subscription received in advance on 31-3-20164,100 Show how the subscription will appear in the Income and Expenditure Account for the year ending March 31, 2016 and the Balance Sheet as at that date in each of the following alternative cases : Case (a) If subscription outstanding for 2015-16 is Rs 6,400 Case (b) If subscription outstanding as on 31-3-2016 is Rs 6,400

Answer»

Receipts and Payments Account of Young Association disclosed that it has received Rs 2,00,000 by way of subscriptions during the year ended on March 31, 2016.

$\begin{matrix} Rs Subscription Outstanding as on 1-4-2015 (Out of which Rs 3,500 were received in 2015-16) & 5, 000 Subscription received in advance on 31-3-2015 & 3, 000 Subscription received in advance on 31-3-2016 & 4, 100 \end{matrix}$

Show how the subscription will appear in the Income and Expenditure Account for the year ending March 31, 2016 and the Balance Sheet as at that date in each of the following alternative cases :

Case (a) If subscription outstanding for 2015-16 is Rs 6,400

Case (b) If subscription outstanding as on 31-3-2016 is Rs 6,400

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