Question : During the year ended 31st March 2020, subscriptions received were Rs. 31,00,000. These subscriptions include Rs. 60,000 for the year ending 31st March 2019 and Rs. 80,000 for the year ending 31st March 2021. On 31st March 2020, subscriptions due but not received were Rs. 1,00,000. The corresponding amount on 1st April 2019 was  1,20,000. Determine the amount that should be credited to the Income and Expenditure Account as subscriptions for the year ended 31st March 2020.

Option 1: Rs. 30,00,000

Option 2: Rs. 31,40,000

Option 3: Rs. 31,00,000

Option 4: Rs. 25,80,000

Question : During the year ended 31st March, 2020, subscriptions received were Rs. 21,00,000. These subscriptions include Rs. 30,000 for the year ended 31st March, 2019 and Rs. 40,000 for the year ending 31st March, 2021. On 31st March, 2020, subscriptions due but not received were Rs. 50,000. The corresponding amount on 1st April, 2019 was Rs. 60,000. Determine the amount that should be credited to Income and Expenditure Account as subscriptions for the year ended 31st March, 2020.

Option 1: Rs 20,55,000

Option 2: Rs 20,50,000

Option 3: Rs 2,05,000

Option 4: Rs 20,35,000

Question : From the following information, determine the amount of subscriptions to be credited to Income and Expenditure account for the year ended 31st March 2018.

1. Subscription received during 2017-2018 Rs 6,00,000 (including Rs 25,000 for the year ended 31st March 2019 and Rs 15,000 for the year ended 31st  March 2017).

2. Subscription due but not received on 31st March 2018 Rs 33,000.

3. Subscription outstanding for the year ended 31st March 2017 Rs 22,000.

Option 1: Rs 6,11,000

Option 2: Rs 5,46,000

Option 3: Rs 5,86,000

Option 4: Rs 5,00,000

Question : Tigers club paid salary for the year ended 31st march 2020 amounted to Rs.1,50,000. How much amount will be recorded in Income and Expenditure Account if outstanding salary on 31st March 2019 was Rs. Rs.7,000 and outstanding salary on 31st march 2020 was Rs.10,000.

Option 1: Rs. 1,53,000

Option 2: Rs. 1,67,000

Option 3: Rs. 1,47,000

Option 4: Rs. 1,50,000

Question : Raj Kundra Cricket Club was inaugurated on 1st April, 2019. It had the following  Receipts and Payments during the year ended 31st March 2020.

Opening balance of cash Rs 20,000 (overdraft).

Receipts: Admission fees  Rs 20,000, Subscription Rs 1,20,000. Donation for Building Fund Rs 20,000. Sale of old newspaper Rs 1,000. Life membership fees Rs 50,000. Interest on Investment received Rs 2,500.

Payments: Salaries Rs 15,000, Rent paid Rs 25,000, Investment Rs 30,000. Stationery Rs 4,000. Books Rs 5,000.

Amount in Receipts and Payment Account for the year ended 31st March, 2020 __________.

Option 1: Rs 1,74,500

Option 2: Rs 1,34,500

Option 3: Rs 1,14,500

Option 4: Rs 1,01,500