From the following information given by Modern Dance Academy, calculate the amount of Subscription received during the year 2020- 21. (i) Subscription credited to Income & Expenditure A/c for the year ending 31st March ,2021 amounted to ₹3,00,000 and each member is required to pay an annual subscription of ₹ 3,000. (ii)Subscription in arrears as on 1st April 2020 amounted to ₹ 16,000. (iii) During the year 2020-21, 10 members made partial payment of ₹26,000 towards subscription, 8 members failed to pay the subscription amount and 5 members paid the subscription amount for the year2021-22. (iv) During the year 2019-20, 12 members paid the subscription amount for the year 2020-21.

CBSE Sample Question Paper, Class 12 Accountancy Term 2 Question - From the following information given by Modern Dance Academy, calculate the amount of Subscription received during the year 2020- 21. (i) Subscription credited to Income & Expenditure A/c for the year ending 31st March ,2021 amounted to ₹3,00,000 and each member is required to pay an annual subscription of ₹ 3,000. (ii)Subscription in arrears as on 1st April 2020 amounted to ₹ 16,000. (iii) During the year 2020-21, 10 members made partial payment of ₹26,000 towards subscription, 8 members failed to pay the subscription amount and 5 members paid the subscription amount for the year2021-22. (iv) During the year 2019-20, 12 members paid the subscription amount for the year 2020-21.

By
Komal Kohli
-

From the following information given by Modern Dance Academy,
calculate the amount of Subscription received during the year 2020-
21.
(i) Subscription credited to Income & Expenditure A/c for the year
ending 31st March ,2021 amounted to ₹3,00,000 and each
member is required to pay an annual subscription of ₹ 3,000.
(ii)Subscription in arrears as on 1st April 2020 amounted to ₹ 16,000.
(iii) During the year 2020-21, 10 members made partial payment of
₹26,000 towards subscription, 8 members failed to pay the
subscription amount and 5 members paid the subscription amount
for the year2021-22.
(iv) During the year 2019-20, 12 members paid the subscription
amount for the year 2020-21.

Answer.

Calculation of amount of Subscription received during the year 2020-21

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