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Calculate the amount of subscription which will be treated as income for the year 2022 – 23, for each of the following cases:
Case Particulars
1. (i) Subscriptions collected during the year 2022-23 (ii) Subscription in arrear for the year 2022-3 (iii) Subscription received in advance for the year 2023-24 2,50,000 6,000 5,000
2 (i) Subscriptions collected during the year 2022-23 (ii) Subscriptions for the year 2022-23 collected in 2021-22 (iii) Subscriptions unpaid for the year 2022-23 49,000 3,000 2,000
3 (i) Subscription received during the year 2022-23 (ii) Subscriptions outstanding in the beginning of 2022-23 (iii) Subscriptions not yet collected for 2022-23 25,000 3,000 5,000
4 (i) Subscriptions received during the year 2022-23 (ii) Subscriptions outstanding in the beginning of 2022-23 (iii) Subscriptions not yet collected for 2022-23 (iv) Subscriptions for 2023-24 received in advance. 80,000 5,000 8,000 2,000
5 (i) Subscriptions received during the year 2022-23 (ii) Subscriptions outstanding at the end of 2021-22 (iii) Subscriptions received in advance on 31st March, 2022 (iv) Subscriptions received in advance on 31st March, 2023 (v) Subscriptions not yet collected for 2022-23 90,000 5,000 3,000 4,000 6,000
Anurag Pathak Changed status to publish February 6, 2024
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