Subscription received during the year is Rs 50,000; Subscriptions outstanding at the end of the year Rs 8,000; Subscription received in advance in previous year is Rs 6,000. Out of Rs. 6,000, 2,000 pertains to the next year. Net Income from subscription for the year will be _____

Rs 48000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Rs 64000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Rs 52000

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Rs 36000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
Rs 52000

Income for the year = 50,000 + 8,000 + 6,000 - 2,000
= Rs 62,000

Suggest Corrections

Similar questions

Subscription income for the year is Rs 52,000; Subscriptions outstanding at the end of the year Rs. 8,000; Subscription outstanding at the beginning of the year Rs. 6,000. Subscription received during the year will be

Subscription received in cash during the year amounted to Rs. 40,000; subscription outstanding at the end of the previous year was Rs. 1,500 and outstanding at the end of the current year was Rs. 2,000. Subscription received in advance for next year was Rs. 800. The amount credited to Income and Expenditure Account will be:

Subscription received during the year Rs. 1,80,000; Subscriptions outstanding at the end of the year Rs. 20,000; Subscriptions received in advance at the end of the year Rs. 10,000. Subscription outstanding at the end also includes 2,000 pertaining to previous year. The amount of subscription to be credited to Income and Expenditure A/c will be-

Q. 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 __________.

Subscription received in cash during the year amounted to Rs. 60,000; subscription received in advance for next year was Rs. 3,000 and received in advance during the previous year was Rs. 2,000. Subscription in arrear at the end of the current year was Rs. 5,400. The amount credited to Income and Expenditure Account will be:

Join BYJU'S Learning Program

Subscription received during the year is Rs 50,000; Subscriptions outstanding at the end of the year Rs 8,000; Subscription received in advance in previous year is Rs 6,000. Out of Rs. 6,000, 2,000 pertains to the next year. Net Income from subscription for the year will be _____

The correct option is C Rs 52000 Income for the year = 50,000 + 8,000 + 6,000 - 2,000 = Rs 62,000

The correct option is C
Rs 52000

Income for the year = 50,000 + 8,000 + 6,000 - 2,000
= Rs 62,000