2016-17 | Rs. 5,000 |
2017-18 | Rs. 90,000 |
2018-19 | Rs. 25,000Rs. 97,500 |
Answer:
Income and Expenditure Account for the year ending 31st March, 2018
Calculation of Outstanding Subscription Expenditure Amt (Rs.) Income Amt (Rs.) By Subscription 90,000 (+) Outstanding Current Year 10,000 1,00,000
as on 31st March, 2018 Amt (Rs.) 1. Total subscription to be Received during the Year \[(1,000\times 100)\] 1,00,000 (-) Amount Received during the Year (90,000) Outstanding Subscription for Current Year 10,000 2. Outstanding Subscription for Previous Year 9,000 (-) Received during the Current Year (5,000) Still Outstanding Subscription for Previous Year (4,000) 3. Outstanding Subscription Previous 4,000 Current Year 10,000 14,000
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