From the following information, calculate the amount of income from subscriptions to be shown in the Income and Expenditure Account for the year ended 31-3-2011:
|
Subscriptions received during the year 2010-2011 |
Rs |
3,40,000 |
|
Subscriptions outstanding as on 31-3-2011 |
Rs |
47,000 |
|
Subscriptions received in advance as on 31-3-2011 |
Rs |
35,000 |
|
Subscriptions outstanding as on 1-4-2010 |
Rs |
28,000 |
|
Subscriptions received in advance as on 1-4-2010 |
Rs |
25,000 |
Calculation of Income from Subscription:
|
Details |
Amount (Rs.) |
|
|
Subscriptions Received during the year 2010-2011 Add: Subscriptions outstanding on 31.3.2011 47,000 Add: Subscriptions received in advance on 1.4.2010 25,000 |
3,40,000
72,000 |
|
|
4,12,000
63,000 |
||
|
Less: Subscriptions outstanding on 1.4.2010 28,000 Less: Subscriptions received in advance on 31.3.2011 35,000 |
||
|
Income from subscription for the year 2010-11 |
3,49,000 |
|
