Excellent sports club received a subscription of ₹470000 during the year 2022-23. The following information was available:
Particulars
31 March 2022
31 March 2023
Subscription due
25000
30000
Subscription received in advance
50000
15000
Options:
₹430000
₹440000
₹510000
₹500000
Correct Answer:
₹510000
Explanation:
Subscription received during the year = 470000 + O/s sub of the current year + 30000 + Advance sub of previous year + 50000 - O/s sub of the previous year - 25000 - Advance sub of the current year - 15000 Subscription for the year = 510000