Practicing Success
What is the amount of subscription for the year 31st March 2020 still in arrears? |
₹9,000 ₹7,000 ₹6,000 ₹5,000 |
₹6,000 |
The correct answer is option 3- ₹6,000. Subscription in arrears for the previous year is ₹45,000 out of which 20% is written off So o/s subscription for the year ending 31 March 2020 = 45,000 - 9,000 Out of 36,000, ₹30,000 is received in this year. Arrears amount = 36,000 - 30,000 Thus, 6,000 is the O/S for the previous year ending 31 March 2020. |