The correct answer is option 3- A-IV, B-I, C-II, D-III.
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List 1
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List 2
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A) Subscription received during the year ₹40,000.
Subscription in arrears as on 1-04-2020 is ₹5,000.
Subscription in arrears as on 31-03-2021 is ₹8,000
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IV) ₹43,000
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B) Subscription received during the year ₹40,000
(including ₹4,000 for previous year).
Subscription in arrears as on 1-04-2020 is ₹5,000.
Subscription in arrears as on 31-03-2021 is ₹9,000
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I) ₹44,000
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C) Subscription received during the year ₹40,000
(including ₹4,000 for previous year).
Subscription in arrears as on 1-04-2020 is ₹5,000.
Subscription in arrears for the year ended 31-03-2021 is ₹9,000
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II) ₹45,000
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D) Subscription received during the year ₹40,000
(including ₹1,000 for previous year).
Subscription in arrears as on 1-04-2020 is ₹5,000 out of which 4,000
was not recovered in the current year and written off.
Subscription in arrears for the year ended 31-03-2021 is ₹9,000
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III) ₹48,000
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A) Subscription received during the year = 40,000
Add: Subscription in arrears as on 31-03-2021 = 8,000
Less: Subscription in arrears as on 01-04-2020 = 5,000
Amount to be shown in income and expenditure account = ₹43,000
B) Subscription received during the year = 40,000
Add: Subscription in arrears for the year ended 31-03-2021(9,000 - 1,000) = 8,000
Less: Subscription received of previous year = 4,000
Amount to be shown in income and expenditure account = ₹44,000
C) Subscription received during the year = 40,000
Add: Subscription in arrears for the year ended 31-03-2021 = 9,000
Less: Subscription received of previous year = 4,000
Amount to be shown in income and expenditure account = ₹45,000
D) Subscription received during the year = 40,000
Add: Subscription in arrears for the year ended 31-03-2021 = 9,000
Less: Subscription received of previous year = 1,000
Amount to be shown in income and expenditure account = ₹48,000 |
