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Q 16. Calculate amount of subscriptions which will be treated as income for the year ended 31st March, 2019 for each of the following cases:
Particulars
Case I.
I Subscriptions collected during the year ended 31st March, 2019
ii Subscriptions in arrears for the year ended 31st March, 2019
iii Subscriptions received in advance for the year ended 31st March, 2020
2,50,000
6,000
5,000
Case II.
ii Subscriptions for the year ended 31st March, 2019 collected in the year ended 31st March, 2018
iii Subscriptions unpaid for the year ended 31st March, 2019
49,000
3,000
2,000
Case III.
I Subscriptions received during the year ended 31st March, 2019
ii Subscriptions outstanding in the beginning of the year ended 31st March, 2019
iii Subscriptions not yet collected for the year ended 31st March, 2019
25,000
Case IV.
iv Subscriptions received in advance for the year ended 31st March, 2020
80,000
8,000
Case V.
ii Subscriptions outstanding at the end of the year ended 31st March, 2018
iii Subscriptions received in advance on 31st March, 2018
iv Subscriptions received in advance on 31st March, 2019
v Subscriptions not yet collected for the year ended 31st March, 2019
90,000
4,000
By: NIHARIKA WALIA ProfileResourcesReport error
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