Total members = 500. Members who paid fully = 500 - 100 (partial) - 10 (left) = 390.
Amount from fully paying members = 390 x 1,000 = 3,90,000.
Amount from 100 partial payers = 80,000.
Amount from 10 defaulters = 0.
Total received = 3,90,000 + 80,000 = Rs.4,70,000.
There are 500 members in a Rotary club, who provide medical services to poor people in backward area. Each member pays 1,000 Rs. as subscription.…
CUET UG 2022 — Accountancy Financial Statements
2022mcqmedium
There are 500 members in a Rotary club, who provide medical services to poor people in backward area. Each member pays 1,000 Rs. as subscription. During financial year 100 members paid partial subscription of Rs.80,000. 10 members left without giving yearly subscription. Amount received during current financial year will be
Official previous-year question
Held on 16 Jul 2022 · Verified 13 Jul 2026.
Options
- A
Rs.4,80,000
- B
Rs.4,70,000
- C
Rs.4,90,000
- D
Rs.5,00,000
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