
Question 02 Chapter 1 of +2 Part-1
2. (Subscription) Find out the amount to be credited to Income and Expenditure Account for the year ended 31-3-2015. Subscription received during the year Rs.2,26,800
| Particulars | 01-04-14 | 31-03-15 |
| Subscription due | 18,900 | 25,200 |
| Subscription in Advance | 23,100 | 4,200 |
Calculation of Amount of Subscription:
| Particulars |
Amount |
|---|---|
| Subscription received During the year | 2,26,800 |
| Add: - Subscription outstanding on 31/03/2015 | 25,200 |
| Subscription received in advance on 1/4/2014 | 23,100 |
| 2,75,100 | |
| Less: - Subscription outstanding on 1/4/14 | (18,900) |
| Subscription received in advance 31/3/2015 | (4,200) |
| Amount for subscription credited to the Income and Expenditure A/c | 2,52,000 |
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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.
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