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Question : There are 1000 members in the sports club paying an annual subscription of Rs 50 each. Subscription received during the year Rs 38,000 including Rs 6000 for next year. -------- will be shown as an outstanding subscription at the end of the year.

Option 1: Rs 50,000

Option 2: Rs 18,000

Option 3: Rs 6000

Option 4: Rs 12,000


Team Careers360 19th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: Rs 18,000


Solution : Subscription A/C

To Income and Exp. A/C
(1000 * 50)
50,000 By cash 38000
By o/s sub
at the end of
the year
18000
To Sub. Received in Advance 6000
56000 56000

Hence, the correct option is 2.

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