Question

From the following particulars, calculate amount of subscriptions to be credited to the Income and Expenditure Account for the year ended 31st March, 2019:

		₹
(a)	Subscriptions in arrears on 31st March, 2018	500
(b)	Subscriptions received in advance on 31st March, 2018 for the year ended on 31st March, 2019	1,100
(c)	Total Subscriptions received during the year ended 31st March, 2019 (including ₹ 400 for the year ended 31st March, 2018, ₹ 1,200 for the year ended 31st March, 2020 and ₹ 300 for the year ended 31st March, 2021)	35,400
(d)	Subscriptions outstanding for year ended 31st March, 2019	400

Answer 1

Statement of Subscriptions for the year ended March 31, 2019
Particulars	Amount (₹)
Subscriptions received during 2018-19	35,400
Less: Subscriptions-in-arrears received for 2017-18	(400)
Less: Subscriptions received-in-advance for 2019-20	(1,200)
Less: Subscriptions received-in-advance for 2017-18	(300)
Add: Subscriptions Outstanding for 2018-19	400
Add: Subscriptions received in 2017-18 for 2018-19	1,100
Subscriptions to be credited to Income and Expenditure Account	35,000