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Subscription received during the year ended 31" March 2019 areFor the year ended 31 st March 2018-4,000For the year ended 31 st March 2019-2,11,000For the year ended 31 st March 2020 - 8,000There are 450 Members each paying an annual subscription of 500.4,500 were in arrears for theyear ended 31 March 2018 In the beginning of the year ended 2019. Calculate the amount ofsubscription shown in Income and expenditure account for the year ended 31" March 2019. |
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Answer» Answer: For the year ended 31st March,20184.000For the year ended 31st March,20192.11.000For the year ended 31st March,20208.0002.23.000 There are 450 member each paying an annual subscription of RS. 500.Rs. 4,500 were in arrears for the year ended 31st March, 2018 in the BEGINNING of the year ended 31st March 2019. Calculate subscriptions to be shown in Income and Expenditure Account for the year ended 31st March 2019 and also show treatment of subscriptions in the Income and EXPENDING Account and BALANCE Sheet. |
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