Subscription received in 2016-17 is Rs. 4,50,000 & outstanding as on 31.03.2016 is Rs. 30,000. The subscription income for the year 2016-17 is .

Rs. 4,20,000

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Rs. 4,30,000

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Rs. 4,50,000

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Rs. 4,80,000

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Solution

The correct option is A Rs. 4,20,000
The subscription income for the year 2016-17 is Rs. 4,20,000.
Subscription income for the
year 2016-17
= Amount received during the year - Amount outstanding as on 31.03.2016
= Rs. 4,50,000 - Rs. 30,000
= Rs. 4,20,000

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Q. Subscription received in 2016-17 is Rs.3,80,000 & received in advance as on 31.03.2016 is Rs.20,000. The subscription income for the year 2016-17 is .

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

As per Receipts and Payments Account for the year ended on March 31,2012, the subscriptions received is Rs 2,50,000. Additional information given is as follows:

(i) Subscription Outstanding on 1.4.2011; Rs 50,000.

(ii) Subscription Outstanding on 31.3.2012; Rs 35,000.

(iii) Subscription Received in Advance as on 1.4.2011; Rs 25,000.

(iv) Subscription Received in Advance as on 31.3.2012; Rs 30,000. Ascertain the amount of income from subscriptions for the year 2011-12.

From the following information calculate the amount of subscriptions to be credited to the Income & Expenditure Account for the year 2016-17:

$\begin{matrix} Rs Subscriptions received during the year & 80, 000 Subscriptions outstanding on 31st March, 2016 & 26, 000 Subscriptions outstanding on 31st March, 2017 & 6, 000 Subscriptions received in Advance on 31-3-2016 & 15, 000 Subscriptions received in Advance on 31-3-2017 & 10, 000 Subscriptions of Rs 2,000 are still in arrears for the year 2015-16 \end{matrix}$

Subscriptions received during the year ended March 31, 2016 by Royal Club were as under:

$\begin{matrix} Rs 2014 - 15 & 3, 000 2015 - 16 & 93, 000 2016 - 17 & 2, 000 - ---- - 98, 000 - ------ - \end{matrix}$

The club has 500 members each paying Rs 200 as annual subscription. Subscriptions outstanding as on March 31, 2015 were Rs 8,000. Calculate the amount of subscriptions to be shown as income in the Income and Expenditure Account for the year ended March 31, 2016 and show the relevant data in the Balance Sheet as at 31st March 2015 and 2016.

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Subscription received in 2016-17 is Rs. 4,50,000 & outstanding as on 31.03.2016 is Rs. 30,000. The subscription income for the year 2016-17 is .

The correct option is A Rs. 4,20,000The subscription income for the year 2016-17 is Rs. 4,20,000. Subscription income for the year 2016-17 = Amount received during the year - Amount outstanding as on 31.03.2016 = Rs. 4,50,000 - Rs. 30,000 = Rs. 4,20,000

The correct option is A Rs. 4,20,000
The subscription income for the year 2016-17 is Rs. 4,20,000.
Subscription income for the
year 2016-17
= Amount received during the year - Amount outstanding as on 31.03.2016
= Rs. 4,50,000 - Rs. 30,000
= Rs. 4,20,000