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Exercises26.61Accounts of Non-Profit OrganisationsA) Short Answer Problems1. From the following details relating to Subscriptions of Coimbatore sports club,calculate the subscriptions income for the year ending 31st December, 1990 :Subscriptions received as per Receipts and Payments Accounts for the yearending 31-12-1990 Rs. 10,000.Subscription outstanding as on 31-12-1989, Rs. 2,000Subscription outstanding as on 31-12-1990, Rs. 4,000Subscriptions received in advance as on 31-12-1989, Rs. 3,000Subscriptions received in advance as on 31-12-1990, Rs. 2,000[Bharathiar, B.B.M. April 1999)(Ans : Subscriptions to be creditedto Income & Expenditure A/c : Rs. 13,000)111000​

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