# Question 19 Chapter 1 of +2-A – T.S. Grewal 12 Class Part – A Vol. 1

Question No.19 - Chapter No.1 - T.S. Grewal +2 Book Part-A 2019-Solution-min-min

Question 19 Chapter 1 of +2-A

19. From the following information, calculate the number of subscriptions outstanding for the year ended 31st March 2019:
A club has 200 members each paying an annual subscription. The following additional information is provided:

 Rs. Subscription outstanding on 31st March 2018 30,000 Subscription received in Advance on 31st March 2019 40,000 Subscription received in Advance on 31st March 2018 14,000

### The solution of Question 19 Chapter 1 of +2-A: –

 Income and Expenditure Account Expenditure Amount Income Amount By Subscriptions 2,00,000 (200 X 1000 each)

Calculation of Amount of Outstanding subscription

 Subscription received During the year 2,05,000 Add: – Subscription received in advance on 31st March 2018 for the year ended on 31st March 2019 14,000 2,19,000 Less: – Subscription in arrear as on 1/4/18 received during the year (30000-12500) 30,000 Subscription received in advance for the year ended 31/03/20 40,000 Total subscription due for the year ended 31/03/2019 200 X 1000 each 2,00,000 The amount for subscription credited to the Income and Expenditure A/c 51,000

Not-for-Profit Organisations – Meaning and Overview

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Also, Check out the solved question of previous Chapters: –