Is a membership fee paid by the member on annual basis.

Main source of income of not-for-profit organizations.

Subscription paid by the members appear as receipt in the receipt and

payment account.

Shown as income in the income and expenditure account.

 Receipt and payment A/c
Particulars Amount Particulars Amount
Subscription XXXXX

Income and Expenditure A/c

Particulars Amount

Subscription received during the year (as per Receipts and Payment A/c)
Add: Closing outstanding subscription
Add: Opening advance subscription
Less: Opening outstanding subscription
XXXXX
Less: Closing advance subscription
Following is the information relating to subscriptions of Savera Club for the year ended 31st March, 2019 :

Rs.
Subscriptions received during 2018-19 70,000
Subscriptions outstanding on 31st March, 2018 17,000
Subscriptions received in Advance on 31st March, 2018 3,250
Subscriptions received in Advance on 31st March, 2019 4,670
Subscriptions outstanding on 31st March, 2019 11,250
Show the subscription in Income and Expenditure AJc for the year ended on 31st March, 2019 and in the Opening and Closing
Balance Sheets.

Balance sheet as at 1st April 2018

Particulars Amount Particulars Amount

Subscription 3250 Subscription 17,000

Inc and Exp for the year ending 31st March 2019
Particulars Amount Particulars Amount
Subscription 70000
Less 2019-2018 17,000
Add 2019-2018 11250
Add 2019-2018 3,250
Less 2019-2018 4,670 62830
Balance sheet as at 31st March 2019
Particulars Amount Particulars Amount

Subscription 4670 Subscription 11250

Following is the information relating to subscriptions of Savera Club for the year ended 31st March, 2019 :

Rs.
Subscriptions received during 2018-19 70,000
Subscriptions outstanding on 31st March, 2018 17,000
Subscriptions received in Advance on 31st March, 2018 3,250
Subscriptions received in Advance on 31st March, 2019 4,670
Subscriptions outstanding on 31st March, 2019 11,250
Show the subscription in Income and Expenditure AJc for the year ended on 31st March, 2019 and in the Opening and Closing
Balance Sheets.

Subscription A/c for the year

ending 31st March 2016
Particulars Amount Particulars Amount
To balance b/d 17,000 By Balance c/d (opening 3,250
Outstanding in the previous advance subscription )
year)
To Inc and Exp A/c 62,830 By Receipt & payment A/c
balancing figure 70,000
To Balance c/d ( closing By Balance c/d (Outstanding at
4,670 11250
advance subscription) the end )

84,500 84,500
Receipts and Payments Account of Young Association disclosed that it has received
Rs.2,00,000 by way of subscriptions during the year ended on March 31, 2016.
Additional Information :
Rs.

Subscription Outstanding as on 1-4-2015 5,000

(Out of which Rs.3,500 were received in 2015-16)
Subscription received in advance on 31-3-2015 3,000

Subscription received in advance on 31-3-2016 4,100

Show how the subscription will appear in Income and Expenditure Account for the year ending March
31, 2016 and the Balance Sheet as at that date in each of the following alternative cases :

Case (a) If subscription outstanding for 2015-16 is Rs.6,400.

Case (b) If subscription outstanding as on 31-3-2016 is Rs.6,400.

 Balance sheet as at 1st April 2015
Particulars Amount Particulars Amount
Subscription received in advance 3000 Subscription outstanding 5,000

Inc and Exp for the year ending 31st March 2016
Particulars Amount Particulars Amount
Subscription 201800
Less
Add
Add
Less

Balance sheet as at 31st March 2016

Particulars Amount Particulars Amount
Subscription received in 4100 Subscription outstanding 6400
advance for current year
Subscription Still outstanding 1500
for Previous year
 Balance sheet as at 1st April 2015
Particulars Amount Particulars Amount
Subscription received in advance 3000 Subscription outstanding 5,000

Inc and Exp for the year ending 31st March 2016
Particulars Amount Particulars Amount
Subscription 2,00,000
Less 2014- 2015 3500
Add 2015- 2016 4900
Add 2014- 2015 3000
Less 2016- 2017 4100 1,08,800

Balance sheet as at 31st March 2016

Particulars Amount Particulars Amount
Subscription received in 4100 Subscription outstanding 4900
advance for current year
Subscription Still outstanding 1500
for Previous year
Subscriptions received during the year ended March 31,2016 by Royal Club were
as under :

Rs.
2014-15 3,000
2015-16 93,000
2016-17 2,000 98,000

The club has 500 members each paying @ Rs.200 as annual subscription.
Subscriptions outstanding as on March 31, 2015 were Rs.8,000. Calculate the
amount of subscriptions to be shown as income in the Income and Expenditure
Account for the year ended March 31, 2016 and show the relevant data in the
Balance Sheet as at 31st March 2015 and 2016.
 Balance sheet as at 1st April 2015
Particulars Amount Particulars Amount
Subscription outstanding 8,000

Inc and Exp for the year ending 31st March 2016
Particulars Amount Particulars Amount
Subscription 98000
Less 2014- 2015 3,000
Less 2016- 2017 2000

Add 2015- 2016 7000 1,00,000

Balance sheet as at 31st March 2016

Particulars Amount Particulars Amount
Subscription received in 2000 Subscription outstanding 7000
advance for current year
Subscription Still outstanding 5,000
for Previous year
Extracts of Receipts and Payments Account for the year ended March 31,2016 are given below
Receipts Rs. Payments Rs.
Subscriptions:
2014-15 3,000
2015-16 96,000
2016-17 2,500
1,01,500

Subscriptions Outstanding as on March 31, 2015 5,000

Total Subscriptions Outstanding as on March 31, 2016 12,000

Subscriptions received in advance as on March 31, 2015 2,800

Calculate the amount of subscriptions to be shown on the income side of Income and Expenditure
A/c and show the relevant data in the balance sheet as at 31st March 2015 and 2016.
 Balance sheet as at 1st April 2015
Particulars Amount Particulars Amount
Subscription received in advance 2800 Subscription outstanding 5,000

Inc and Exp for the year ending 31st March 2016
Particulars Amount Particulars Amount
Subscription 1,01,500
Less 2014- 2015 3,000
Add 2015- 2016 10,000
Add 2014- 2015 2800
Less 2016- 2017 2500 1,08,800

Balance sheet as at 31st March 2016

Particulars Amount Particulars Amount
Subscription received in 25,00 Subscription outstanding 10,000
advance for current year
Subscription Still outstanding 2,000
for Previous year
 Rs.

Subscriptions received during the year 80,000

Subscriptions outstanding on 31st March, 2016 26,000

Subscriptions outstanding on 31st March, 2017 6,000

Subscriptions received in Advance on 31-3-2016 15,000

Subscriptions received in Advance on 31-3-2017 Subscriptions of Rs.2,000 are 10,000
still in arrears for the year 2015-16
In the year ended 31st March 2019, subscriptions received by Royal Club were Rs.5,00,000 including
Rs. 16,000 for the year ended 31st March 2018, Rs.20,000 for the year ended 31st March 2020 and
Rs.5,000 for the year ended 31st March, 2021.
Additional Information :

Subscriptions Outstanding for the year ended 31st March, 2018 23,000

Subscriptions Outstanding for the year ended 31st March, 2019 40,000

Subscriptions Received in Advance as on 31st March, 2018 18,000

Show how the subscription wall appear in the Income & Expenditure Account for the year ending 31 st
March 2019 and in the Balance Sheet as at that date.
particulars Rs.

Subscriptions Outstanding on 31st March, 2018 40,000

Subscriptions Received in advance on 31st March, 2019 30,000

Subscriptions Received in advance on 31st March, 2018 12,000