SSC BOARD PAPERS IMPORTANT TOPICS COVERED FOR BOARD EXAM 2024

### Extracts of receipt and payment Account for the year ended 31st March, 2010 are given below:

 Subscriptions Rs. 2008 – 09 2500 2009 – 10 26750 2010 – 11 1000 30,250

a. Total number of members:        300
Annual membership fee:           Rs 125
b. Subscription outstanding for 2009-10 Rs. 6,000.
c. Subscription outstanding on April 1, 2009:   Rs.  2,750

Prepare a statement showing all relevant items of subscriptions viz. income, advance, outstanding etc.

Ans 1. This question can be solved by two methods:

Formula 1.

 Particular/Income Amount Total Subscription received during the year Add: 1.  Subscription received in advance during Previous Year{p.y advance} 2.  Outstanding (arrear) Subscription of Current year(C.Y O/S} 30,250  4,750  6,000 Less: 1.     Subscription received in advance during current year(N.Y){C.Y. advance} 2.     Outstanding(arrear) Subscription of Previous year, received during current year.{P.Y. o/s} 41,000 1,000 2,500 Subscription income of Current Year 37,500

2nd formulae:
 Particular/Income Amount Total Subscription received of Current year Add: 1.  Subscription received in advance during Previous Year 2.  Outstanding (arrear) Subscription of Current year 26,750   4,750   6,000 Subscription income of Current Year 37,500

Working Note: