Question : There are 1,000 members, each paying an annual subscription of Rs.50. Subscription received during the year is Rs.45,000. Subscriptions received in advance at the beginning of the year Rs.1,800. What will be debited to the Receipts and Payments Account? 

Option 1: Rs.2,400

Option 2: Rs.90,000

Option 3: Rs.45,000

Option 4: Rs.50,000

Question : A sports club received Rs.52,000 as subscription during the year. The club has 750 members each paying an annual subscription of Rs.100 each. Last year, 55 members of the club paid subscription in advance for this year. Subscription outstanding for the year amounts to:

Option 1: Rs.12,500

Option 2: Rs.13,000

Option 3: Rs.17,500

Option 4: Rs.25,000

Question : There are 1000 members in the sports club paying an annual subscription of Rs 50 each. Subscription received during the year Rs 38,000 including Rs 6000 for next year. -------- will be shown as an outstanding subscription at the end of the year.

Option 1: Rs 50,000

Option 2: Rs 18,000

Option 3: Rs 6000

Option 4: Rs 12,000

Question : There are 1000 members in the sports club paying an annual subscription of Rs 50 each. Subscription received during the year Rs 38,000 including Rs 6000 for next year. -------- will be shown as an outstanding subscription at the end of the year.

Option 1: Rs 50,000

Option 2: Rs 18,000

Option 3: Rs 6000

Option 4: Rs 12,000

Question : How much amount is recorded in Income and Expenditure A/c if there are 800 members, each paying an annual subscription of Rs.120? Subscriptions received during the year Rs. 54,000; Subscription received in advance at the beginning of the year Rs.1,000.

Option 1: Rs. 96,000

Option 2: Rs. 54,000

Option 3: Rs. 97,000

Option 4: Rs. 95,000