From the following information, calculate amount of subscriptions outstanding for the year ended 31st March, 2019:
A club has 200 members each paying an annual subscription of ₹ 1,000. The Receipts and Payments Account for the year showed a sum of ₹ 2,05,000 received as subscriptions. The following additional information is provided :
| ₹ | |
| Subscriptions Outstanding on 31st March, 2018 | 30,000 |
| Subscriptions Received in Advance on 31st March, 2019 | 40,000 |
| Subscriptions Received in Advance on 31st March, 2018 | 14,000 |
Subscriptions Account
for the year ended 31st March, 2019
| Particulars | Amount (Rs.) | Particulars | Amount (Rs.) |
| Income and Expenditure (200 × 100) | 2,00,000 | Bank (Subscriptions Received) | 2,05,000 |
| Outstanding Subscriptions in the beginning | 30,000 | Advance Subscriptions in the beginning | 14,000 |
| Advance Subscriptions at the end of the year | 40,000 | Outstanding Subscriptions at the end of the year(Balancing Figure) | 51,000 |
| 2,70,000 | 2,70,000 |
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