From the following information calculate Income from Subscription for the year ending on 31 March 2022.
Details ₹
Subscription received 2,50,000
Additional Information:
Subscription outstanding on 1.4.2021 50,000
Subscription outstanding on 31.3.2022 35,000
Advance subscription as on 1.4.2021 25,000
Advance subscription as on 31.3.2022 30,000
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → ₹ 2,30,000
Income from subscription is the subscription that relates to the current year only.
Subscription received = ₹2,50,000
Add: Outstanding on 31.3.2022 = ₹35,000
Add: Advance received on 1.4.2021 = ₹25,000
Less: Outstanding on 1.4.2021 = ₹50,000
Less: Advance received on 31.3.2022 = ₹30,000
Income from subscription = 2,50,000 + 35,000 + 25,000 − 50,000 − 30,000 = ₹2,30,000
Note: This question is from the pre-rationalised NCERT book. The topic is not there in the latest NCERT book (2026-27), and it is also out of the CUET 2026 syllabus.
NCERT (Pre-rationalised edition):
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