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Following information of Malayalee Club is …

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Following information of Malayalee Club is given to you: Particulars. Subscription in arrears on 31 March, 2020 Subscription received in advance on 31/3/2020 Total subscription received during the year ending 31/3/21(including 1,80,000 for 2019-20 2,50,000 1,50,000 and 2,50,000 for 2021-22) Subscription outstanding on 31/3/2021 35,50,000 5,50,000 (a) Calculate the amount of subscription outstanding for the year 2020-21. (b) What is the amount of subscription received on 2020-21 for the year 2020-21? 3 (c) Calculate the amount of subscription to be credited to Income & Expenditure a/c for the year ending 31/3/21.
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