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Question 3 Chapter 1 - Unimax Class 12 Part 1
3. Calculate the account of subscriptions received during the year ended 31st March 2021 from the following information:
Income from subscriptions for the current year Rs. 16,500, the other relevant information is:
| (a)Subscriptions outstanding on 31st March 2020 | 1050 |
| (b)Subscriptions received in advance on 31st March 2020 | 860 |
| (c)Subscriptions outstanding on 31st March 2021 | 1040 |
| (d)Subscriptions received in advance on 31st March 2021 | 550 |
| Amount | ||
|---|---|---|
| Income from subscription During the year 2020-2021 | 16500 | |
| Add: - Outstanding as on 31st March 2021 | 1050 | |
| Add: - Received in advance as on 31st March 2020 | 550 | 1600 |
| 18100 | ||
| Less: - Outstanding as on 31st March, 2020 | 1040 | |
| Less: - Received in advance as on 31st March, 2021 | 860 | 1900 |
| Amount of subscription received during the year | 16200 | |
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Read out the full article to know the meaning of Not for Profit Organisations
Not-for-Profit Organisations – Meaning and Overview
Also, Check out the same article in Hindi from the following link
Not-for-Profit Organisations – Meaning and Overview
Also, Check out the solved question of all Chapters: –
Accountancy – Unimax Class 12 Part 1 – 2021 – Solution.
Chapter No. 1 – Accounts of Non-Profit Organisations
Chapter No. 2 – Partnership Accounts – I (Basic Concepts)
Chapter No. 3 – Partnership Accounts – II (Goodwill)
Chapter No. 4 – Partnership Accounts – III (Change in Profit Sharing Ratio among Existing Partners)
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)
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
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)
T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
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.
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4 August 2021
4 August 2021