Subscriptions Received During The Year Ended 31st March ,2019 Are - Income and Expenditure Account

Subscriptions received during the year ended 31st March ,2019 are

	₹	₹
For the year ended  31st March, 2018	1,600
For the year ended 31st March, 2019	84,400
For the year ended  31st March, 2020	3,200	89,200

There are 450 members, each paying an annual subscription of ₹ 200; ₹ 1,800 were in arrears for the year ended 31st March, 2018.
Calculate amount of subscriptions to be credited to Income and Expenditure Account for the year ended 31st March, 2019. 

Income and Expenditure Account 

for the year ended March 31, 2019

Expenditure	Amount (Rs.)	Income	Amount (Rs.)
		Subscription
		(450 Members × Rs 200 each)	90,000

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

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