Question

    Following is the information relating to a club for the year ending 31.03.2022:

    Subscription outstanding as on 31.03.2021                   ₹16,000

    Subscription outstanding as on 31.03.2022                   ₹18,000

    Subscription received in advance as on 31.03.2021    ₹12,000

    Subscription received in advance as on 31.03.2022    ₹11,000

    There are 70 members each paying an annual subscription of ₹1,000. Total subscription received during the year 2021-22 will be:

    A ₹67,000 Correct Answer Incorrect Answer
    B ₹71,000 Correct Answer Incorrect Answer
    C ₹69,000 Correct Answer Incorrect Answer
    D ₹77,000 Correct Answer Incorrect Answer

    Solution

    The correct answer is A

    Practice Next

    Relevant for Exams: