Match the following list 1 with list 2 with the amount treated as inc…

The correct answer is option 2- A-III, B-II, C-IV, D-I

LIST 1	LIST 2
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	III) ₹2,51,000
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	II) ₹54,000
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	IV) ₹27,000
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	I) ₹81,000

 

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)