Subscription received = I and E amount minus opening advance minus closing outstanding plus closing advance plus opening outstanding
= 1,05,000 minus 7,000 minus 20,500 plus 10,000 plus 10,500
= Rs. 98,000.
Note: Topic relates to NPO; placed under Financial Statements/Nature-Structure as closest fit.
Calculate subscription received during the year 2021-22 from the following information : Amount of subscription credited to Income and Expenditure…
CUET UG 2022 — Accountancy Financial Statements
2022mcqhard
Calculate subscription received during the year 2021-22 from the following information :
Amount of subscription credited to Income and Expenditure A/c for the year ended 2021-22 Rs. 1,05,000
Subscription received in advances as on 31 March, 2022 Rs. 10,000
Subscription received in advances as on 31 March, 2021 Rs. 7000
Subscription outstanding as on 31 March, 2021 Rs. 10,500
Subscription outstanding as on 31 March, 2022 Rs. 20,500
Official previous-year question
Held on 23 Aug 2022 · Verified 13 Jul 2026.
Options
- A
Rs. 95,000
- B
Rs. 92,000
- C
Rs. 98,000
- D
Rs. 1,18,000
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