Question:
During the year 2015-16, subscription received by a sports club were ₹ 80,000. These included ₹ 3,000 for the year 2014-15 and ₹ 6,000 for the year 2016-17. On 31st March 2016, the amount of subscription due but not received was ₹ 12,000. Calculate the amount of subscription to be shown in Income and Expenditure A/c.
During the year 2015-16, subscription received by a sports club were ₹ 80,000. These included ₹ 3,000 for the year 2014-15 and ₹ 6,000 for the year 2016-17. On 31st March 2016, the amount of subscription due but not received was ₹ 12,000. Calculate the amount of subscription to be shown in Income and Expenditure A/c.
Updated On: Sep 23, 2024
- ₹ 80,000
- ₹ 83,000
- ₹ 77,000
- ₹ 71,000
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The Correct Option is B
Solution and Explanation
The correct option is (B) :₹ 83,000
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