In a Club, subscription received for current year Rs. 2,50,000. Subscription of current year received in the previous year Rs. 25,030. Subscription out-standing for current year Rs. 45,000. Subscription received in advance in current year Rs. 11,000 and subscription of previous year received in current year Rs.35,000. If at the beginning of the current year the outstanding subscription is Rs.42,000, then the amount of outstanding subscription at the end of the current year will be __________.

45,000

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87,000

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52,000

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55,000

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Solution

The correct option is C 52,000
Subscription outstanding at the beginning of the year - 42000
Subscription of previous year received in current year - 35000
Subscription outstanding of previous year - 42000 - 35000 = 7000
Subscription outstanding for current year = 45000
Amount of subscription outstanding at the end of current year will be
= 45000+7000
= 52000.

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