How are the following items of subscriptions shown in the Income and Expenditure Account - T.S. GREWAL Accountancy

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How are the following items of subscriptions shown in the Income and Expenditure Account for the year ended 31st March, 2019 and Balance Sheets as at 31st March, 2018 and 2019?

 ₹
Subscriptions received during the year ended 31st March, 2019358,500
Subscriptions outstanding on 31st March, 201830,000
Subscriptions received in Advance on 31st March,201822,500
Subscriptions received in Advance on 31st March, 201913,500
Subscriptions outstanding on 31st March, 201937,500
(including ​₹ 12,500 for the year ended 31st March, 2018) 




Income and Expenditure Account 
for the year ended March 31, 2019

Expenditure Amount (Rs.)Income Amount (Rs.)
  Subscriptions3,58,500
  Add: Outstanding at the end37,500
  Add: Advance in the beginning22,500
  Less: Outstanding in the beginning30,000
  Less: Advance at the end13,5003,75,000


Balance Sheet 
as on March 31, 2018

Liabilities Amount (Rs.)Assets Amount (Rs.)
Subscription received in Advance2,250Subscriptions Outstanding3,000


Balance Sheet 
as on March 31, 2019

Liabilities Amount (Rs.)Assets Amount (Rs.)
Subscription received in Advance1,350Subscriptions Outstanding3,750

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



Location: India

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