In The Year Ended 31st March, 2019, Subscriptions Received By Kings Club, Delhi - Accountancy

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In the year ended 31st March, 2019, subscriptions received by Kings Club, Delhi were ₹ 4,09,000 including ₹ 5,000 for the year ended 31st March, 2018 and ₹ 10,000 for the year ended 31st March, 2020. At the end of the year ended 31st March, 2019, subscriptions outstanding for the year ended 31st March, 2019 were ₹ 15,000. The subscriptions due but not received at the end of the previous year, i.e., 31st March, 2018 were ₹  8,000, while subscriptions received in advance on the same date were ₹ 18,000.




Statement of Subscription 
for the year ended March 31, 2019

Particulars Amount (₹)
Subscription received during the year 2018-194,09,000
Add: Outstanding for 2018-19 (Current year)15,000
Less: Received for 2017-18 (Previous year)(5,000)
Add: Advance received in 2017-18 (Previous year)18,000
Less: Advance received for 2019-20 (Next year)10,000)
Subscription to be credited to Income and Expenditure Account4,27,000

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



Location: India

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