Question : From the following information, calculate the amount of subscription due to be shown as on 31st March, 2018 if there are 1,000 members and each paying Rs 300 p.a as subscription:

1. Subscription received during the year 2017-2018 Rs 3,00,000

2. Subscription received in advance as on 31.3.2018 Rs 36,800

3. Subscription outstanding as on 1-04-2017 Rs 32,000

4. Subscription received in advance as on 1-04-2017 Rs 25,000

Option 1: Rs 43,800

Option 2: Rs 30,000

Option 3: Rs 33,800

Option 4: None of the above 


Team Careers360 5th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: Rs 43,800


Solution : Subscription credited to I&E A/c                                 = Rs.3,00,000
(-) Amount received                                                    = (Rs3,00,000)
(+) Subscription received in advance as on 31.3.2018= Rs 36,800
(+) Subscription outstanding as on 1-04-2017            =  Rs 32,000
(-) Subscription received in advance as on 1-04-2017= (Rs 25,000)
Amount of subscription due                                         = Rs.43,800

Hence, the correct option is 1.

Related Questions

CLAT Current Affairs with GK ...
Apply
Stay updated with current affairs & check your preparation with the CLAT General Knowledge Mock Tests Ebook
CLAT English Language Mock Tests
Apply
Free Ebook - CLAT 2025 English Language questions with detailed solutions
ICFAI Business School-IBSAT 2024
Apply
9 IBS Campuses | Scholarships Worth Rs 10 CR
CLAT Legal Reasoning Mock Tests
Apply
Free Ebook - CLAT 2025 legal reasoning questions with detailed solutions
GIBS Business School Bangalor...
Apply
100% Placements with 220+ Companies
Great Lakes PGPM & PGDM 2025
Apply
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books