The correct answer is option 2- A-III, B-II, C-IV, D-I
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LIST 1
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LIST 2
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A) Subscription collected during the year ₹2,50,000,
In-arrears subscription for the year ended ₹6,000,
In advance for the year ended 2020 is ₹5,000
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III) ₹2,51,000
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B) Subscription collected during the year ₹49,000,
Collected in year 2018 for the year 2019= ₹3,000,
subscription unpaid for the year ₹2,000
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II) ₹54,000
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C) Subscription collected during the year ₹25,000,
Outstanding in the beginning is ₹3,000 and
not yet collected for the year is ₹5,000
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IV) ₹27,000
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D) Subscription collected during the year ₹80,000,
Outstanding in the beginning is ₹5,000 and
not yet collected for the year is ₹8,000,
subscription received in advance for the year 2020 is ₹2,000
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I) ₹81,000
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A)- Subscription received during the year = ₹2,50,000
Add- Subscription in arrears for the year = ₹6,000
Less- Subscription received for next year = ₹5,000
= (2,50,000 + 6,000 - 5,000 = 2,51,000)
B) Subscription received during the year = ₹49,000
Add- Subscription in previous year for this year = ₹3,000
Add- Subscription in arrears for this year = ₹2,000
= (49,000 + 3,000 + 2,000 = 54,000)
C) Subscription received during the year = ₹25,000
Add- Subscription in arrears for the current year = ₹5,000
Less- Subscription in arrears of previous year = ₹3,000
= (25,000 + 5,000 - 3,000 = 27,000)
D) Subscription received during the year = ₹80,000
Add- Subscription in arrears for the current year = ₹8,000
Less- Subscription in arrears of previous year = ₹5,000
Less- Subscription received for the next year = ₹2,000
= (80,000 + 8,000 - 5,000 - 2,000 = 81,000)
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