Question
The following is the subscription information of a
sports club for the year ending 31.03.2023:Â Â What is the total subscription received during the year 2022-23?Solution
Step-by-step Calculation: 1.Total Subscription for the Year
- 80 members × ₹ 1,200 = ₹ 96,000
- Outstanding as on 31.03.2023 (Not received yet, to be deducted) = - ₹ 20,000
- Advance received as on 31.03.2022 (Already received, to be deducted) = - ₹ 10,000
- Advance received as on 31.03.2023 (Received now, to be added) = + ₹ 9,000
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