Case no 5 ..the amount of subscription to be transferred to income and expenditure account for the year ended 31st March 2021 is ..................
And option 3 also pls
Dear Student,
1) As there are 2000 regular members paying subscription of 2000 per annum
The amount of subscription to be transferred to income and expenditure account for the year ended 31st march 2021 will be
= 2000 x 2000
= 40,00,000 Rs
Solution 3)
The amount of subscription in arrears on 1st April 2020 is 360000
Explanation :
On 1stApril 2020, 180 members had not paid for subscription of previous year 2020
subscription per annum is 2000
= 180 x 2000
= 360000
Regards
1) As there are 2000 regular members paying subscription of 2000 per annum
The amount of subscription to be transferred to income and expenditure account for the year ended 31st march 2021 will be
= 2000 x 2000
= 40,00,000 Rs
Solution 3)
The amount of subscription in arrears on 1st April 2020 is 360000
Explanation :
On 1stApril 2020, 180 members had not paid for subscription of previous year 2020
subscription per annum is 2000
= 180 x 2000
= 360000
Regards