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Question 01 Chapter 1 of +2 Part-1
1. (Subscription)Calculate subscription income from the following details obtained from Tendulkar Club.
| Rs. | ||
| (a) | Subscription received | 2,25,000 |
| (b) | Subscription due in opening | 60,000 |
| (c) | Subscription received in the advance opening | 15,000 |
| (d) | Subscriptions due but not received closing | 45,000 |
| (e) | Subscription received in advance closing | 30,000 |
In the Books of Railway Club Receipts and Payment A/c as on 31st March 2019
| Particulars |
Amount | Particulars |
Amount |
|---|---|---|---|
| To Balance c/d (Outstanding at the beginning) |
60,000 | By Balance b/d (Received in Advance of opening) |
15,000 |
| To Income and Expenditure A/c (B.fig.) | 1,95,000 | By Cash A/c | 2,25,000 |
| To Balance b/d (Received in Advance at the end) |
30,000 | By Balance c/d (Outstanding at the end) |
45,000 |
| 2,85,000 | 2,85,000 |
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Also, Check out the solved question of all Chapters: -
Chapter No. 1 - Accounting Not for Profit Organisations
Chapter No. 2 - Partnership Accounts - I (Introduction)
Chapter No. 3 - Partnership Accounts - II (Goodwill: Nature and Valuation)
Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)
Chapter No. 5 - Partnership Accounts - IV (Admission of A Partner)
Chapter No. 6 - Partnership Accounts - V (Retirement and Death of A Partner)
Chapter No. 7 - Partnership Accounts - VI (Dissolution of Partnership Firm)
Chapter No. 8 - Company Accounts (Share Capital)
Chapter No. 9 - Company Accounts (Issue of Debentures)
Chapter No. 10 - Company Accounts (Redemption of Debentures)
Chapter No. 1 - Financial Statements of a Company
Chapter No. 2 - Financial Statement Analysis
Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
Chapter No. 4 - Ratio Analysis
Chapter No. 5 - Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question 01 Chapter 1 of +2 Part-1 - USHA Publication 12 Class Part - 1", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to USHA Publication +2 Part 1.
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