Please answer Q no 24 asap 24 â ‹The Sachin Circket - Accountancy - Accounting for Not-for-Profit Organisation

Question

Please answer Q no 24 asap
24 â€‹The Sachin Circket Club,
had received Rs 5,000 as Subscriptions during the year 1012-13
Subscription due but not received on 1 4 2012 were Rs 8,000, out of
which Rs 300 were received during 2012-13 Subscription outstanding
for 2012-2013 are Rs 450 Subscriptions paid in advance on 31 03
2012 were Rs 700 and Subscriptions paid in advance on 31 3 2013
were Rs 530 Calculate subscriptions to be credited on income and
Expenditure Account

Neha Arora · Accepted Answer

Dear Student,

Particulars
Amount
(Rs)

Subscription received during
2012-13
5,000

Add: Subscription outstanding for
2012-13
450

Add: Subscription received in advance in the
beginning of 2012-13
700

Less: Subscription received in advance in the end of
2012-13
(530)

Less: Subscription outstanding for
2011-12
(300)

Amount of Subscription credited to Income &
Expenditure A/c
5,320

Particulars	Amount (Rs)
Subscription received during 2012-13	5,000
Add: Subscription outstanding for 2012-13	450
Add: Subscription received in advance in the beginning of 2012-13	700
Less: Subscription received in advance in the end of 2012-13	(530)
Less: Subscription outstanding for 2011-12	(300)
Amount of Subscription credited to Income & Expenditure A/c	5,320