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

Question

Option 1: Rs. 95,000

Option 2: Rs. 92,000

Option 3: Rs. 98,000

Option 4: Rs. 1,18,000

AfterBoards · Accepted Answer

The answer is 'Rs. 98,000'. View full solution:

List-I	List-II
(A) SHAREHOLDERS FUND	(I) Non-current investments
(B) CURRENT LIABILITIES	(II) Reserves and Surplus
(C) CURRENT ASSET	(III) Trade Payables
(D) FIXED ASSET	(IV) Inventories

CUET Accountancy 2022 23 Aug Shift 2 PYQs

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