ABC Welfare Club has provided the following information on 31st March 2021.
Subscription received by the firm during the year ₹6,20,000. Details of which is as follows:
For the year 31st March 2020 30,000
For the year 31st March 2021 90%
For the year 31st March 2022 50,000
Amount of subscription in arrears as at 31st March 2020 was ₹45,000 out of which 20% was not receivable and to be written off.
You are required to answer the questions given below.

What is the subscription in Arrears for the year 31st March 2021?

₹60,000

Total subscription received = ₹620000 which include 90% of this current year and 80000 (30000+50000) for the last or future year.
So current year subscription is 620000 - 80000= 540000 which is 90%
So, 100% is 540000 X 90/100 = ₹600000
So subscription in arrears for the current year is 600000 - 540000 = ₹60000