Loading Tutorstips...
✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Question 8 Chapter 1 - Unimax Class 12 Part 1
8. From the following information calculate the amount of subscriptions to be credited to the Income & Expenditure Account for the year 2020-21.
| Subscription received during the year | 3,60,000 |
| Subscription outstanding on 31-03-2020 | 52,000 |
| Subscription outstanding on 31-03-2021 | 32,000 |
| Subscription received in Advance on 31-03-2020 | 30,000 |
| Subscription received in Advance on 31-03-2021 | 20,000 |
Subscription of ₹ 4,000 are still in arrears for the year 2019-20.
| Particulars | Amount | |
|---|---|---|
| Subscription received during the year | 3,60,000 | |
| Add: - Subscription outstanding on 31-03-2021 | 32,000 | |
| Add: - Subscription received in Advance on 31-03-2020 | 30,000 | 62,000 |
| 4,22,000 | ||
| Less: - Subscription received in Advance on 31-03-2021 | 20,000 | |
| Less: - Subscription outstanding on 31-03-2020 | 52,000 | 72,000 |
| Amt. of stationery to be posted in income and Expenditure A/c | 3,50,000 | |
It is all about Question 8 Chapter 1 of Class 12 unimax, If you have any problem please comment below.
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)
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 8 Chapter 1 - Unimax Class 12 Part 1 - 2021", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Unimax Class 12 Part 1 - 2021.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Question 8 Chapter 1 - Unimax Class 12 Part 1 - 2021" instantly.
