There are 100 members, each paying an annual subscription of Rs.70,000; subscription received during the year Rs.71,95,000; subscriptions received in advance at the beginning of the year Rs.73,000 and at the end of the year Rs.72,000. Amount of Subscription outstanding at the beginning of the year will be:
A. Rs.2,00,000
B. Rs.1,96,000
C. Rs.1,94,000
D. Rs.2,01,000
Answer:B
There are 100 members, each paying an annual subscription of Rs.70,000; subscription received during the year Rs.71,95,000; subscriptions received in advance at the beginning of the year Rs.73,000 and at the end of the year Rs.72,000. Amount of Subscription outstanding at the beginning of the year will be:
A. Rs.2,00,000 B. Rs.1,96,000 C. Rs.1,94,000 D. Rs.2,01,000