Calculate amount of subscriptions which will be treated as income for the year

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Calculate amount of subscriptions which will be treated as income for the year ended 31st March, 2019 for each of the following cases:

  Particulars   Rs.
  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. (i) Subscriptions collected during the year ended 31st March, 2019
 (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
  3,000
  5,000
 Case IV. (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
 (iv) Subscriptions received in advance for the year ended 31st March, 2020		80,000
  5,000
  8,000
  2,000
 Case V. (i) Subscriptions received during the year ended 31st March, 2019
 (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
5,000
3,000
4,000
6,000



Cash 1

Statement of Subscription
for the year ended March 31, 2019

Particulars Amount (Rs.)
Subscriptions collected during the year 2018-192,50,000
Add: Subscriptions-in-arrears for the year 2018-196,000
Less: Subscriptions received in advance for the year 2019-20(5,000)
Subscriptions Income for the year 2018-192,51,000



Case 2

Statement of Subscription 
for the year ended March 31, 2019

Particulars Amount (Rs.)
Subscriptions collected during the year 2018-1949,000
Add: Subscriptions collected for 2018-19 in 2017-183,000
Add: Subscriptions unpaid for the year 2018-192,000
Subscriptions Income for the year 2018-1954,000

Case 3

Statement of Subscription 
for the year ended March 31, 2019

Particulars Amount (Rs.)
Subscriptions received during the year 2018-1925,000
Less: Subscriptions outstanding in the beginning of 2018-19(3,000)
Add: Subscriptions yet not collected for 2018-195,000
Subscriptions Income for the year 2018-1927,000

Case 4

Statement of Subscription 
for the year ended March 31, 2019

Particulars Amount (Rs.)
Subscriptions received during the year 2018-1980,000
Less: Subscriptions outstanding in the beginning of 2018-19(5,000)
Add: Subscriptions yet not collected for 2018-198,000
Less: Subscriptions for 2019-20 received in advance(2,000)
Subscriptions Income for the year 2018-1981,000


Case 5

Statement of Subscription 
for the year ended March 31, 2019

Particulars Amount (Rs.)
Subscriptions received during the year 2018-1990,000
Less: Subscriptions outstanding at the end of 2017-18(5,000)
Add: Subscriptions received in advance on Mar. 31, 20183,000
Less: Subscriptions received in advance on Mar. 31, 2019(4,000)
Add: Subscriptions not yet collected for 2018-196,000
Subscriptions Income for the year 2018-1990,000

Chapter-1 Financial Statements of Not for Profit Organisations-TS Grewal



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