OMTEX CLASSES: From the following information, calculate the amount of subscriptions received in advance as on 31st March, 2012:

From the following information, calculate the amount of subscriptions received in advance as on 31st March, 2012:


(i) Subscriptions received during the year 2011-2012 Rs 52,500
(ii) There were 200 members paying subscription at the rate of Rs 250 per annum each.
(iii) Some members have paid their annual subscription in advance during the year.
As on 1st April, 2011 no subscription had been received in advance but subscriptions were outstanding to the extent of? 1,000 as on 31st March, 2011.
Subscriptions accrued as on 31st March, 2012 totaled Rs 1,500.
A Sample Subscriptions Account
Statement showing Subscription