Question : A sports club received Rs.52,000 as subscription during the year. The club has 750 members each paying an annual subscription of Rs.100 each. Last year, 55 members of the club paid subscription in advance for this year. Subscription outstanding for the year amounts to:
Option 1: Rs.12,500
Option 2: Rs.13,000
Option 3: Rs.17,500
Option 4: Rs.25,000
Correct Answer: Rs.17,500
Solution : Subscription during the year = Rs.100 X Rs.750 = Rs.75,000 (-) Subscription received = ( Rs.52,000) Subscription outstanding = Rs.23,000 (-) Subscription paid in advance = ( Rs.5,500) Subscription during the year = Rs.17,500 Hence, the correct option is 3.
Question : A society has 400 members each paying an annual subscription of Rs.100. Subscription due at the end of the year is Rs.7,200 and the subscription received during the year is Rs.38,000. Thus,
Question :
Which of the following will not appear on the asset
Question : In Sports complex, there are 450 members each paying an annual subscription of Rs.100 each. Subscription of Rs.20,000 was received in advance for next year and Rs.15,000 was outstanding
The surplus generated by a not-for-profit
Salary paid by Lancer Club for the year is
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