From following facts ascertain the propencity of income in comparision to cash inflow:-
1)op. cash bal. 1,20,0000
2)outstanding subscription receivable 58,000
3)outstanding membership fee 23000
4)Pre-received membership fee 29000
5)Life membership fee received 35000
6)Cash received from sale of furniture 77,000
7)Expenditure made to buy sports equipment 33,000
Hi Ujjwal,
In the above mentioned transactions related to a Not for Profit Organisation, it would be very difficult to compare the two things keeping in consideration the level of understanding and knowledge with a Grade XI student and the curriculum of CBSE. Also, the two subjective terms used in the question 'propensity of income' and 'inflow of cash' both are not related to class XI. It would be great if you provide us with the source of question, so as we could direct you in the best possible manner.
In the above mentioned transactions related to a Not for Profit Organisation, it would be very difficult to compare the two things keeping in consideration the level of understanding and knowledge with a Grade XI student and the curriculum of CBSE. Also, the two subjective terms used in the question 'propensity of income' and 'inflow of cash' both are not related to class XI. It would be great if you provide us with the source of question, so as we could direct you in the best possible manner.