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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Question no 19 Chapter 1 V K Publication class 12
19. Prepare a statement showing all relevant items of subscriptions from the following
information:
An Extract of Receipts and Payments Account
for the year ending 31st March, 2018
| Receipts | ₹ | Payments | ₹ | |
| To Subscription: | ||||
| 2016-2017 | 500 | |||
| 2017-2018 | 2,000 | |||
| 2018-2019 | 400 | 2,900 |
Information: The club has 50 members, each paying annual subscription of ₹ 50.
Income and Expenditure Account For the year ended 31st March, 2018
| Expenditures | Amount | Incomes | Amount | |
|---|---|---|---|---|
| By Subscriptions A/c | 2,000 | |||
| Add: Outstanding for 31st March, 2018 | 500 | 2,500 | ||
Working Note:
| ₹ | |
| Total Subscriptions due (50 x 50) | 2,500 |
| Less: Subscriptions received for 3lst March, 2018 | 2,500 |
| Outstanding Subscriptions for 31st March, 2018 | 500 |
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Also, Check out the solved question of all Chapters: –
Students may choose only one part from the Part II and Part III
Part-II
Part-III
Chapter No. 2 - Theory Base of Accounting
Chapter No. 3 - Origin of Transactions
Chapter No. 4 - Vouchers and transactions
Chapter No. 6 - Accounting for Goods and Services Tax(GST)
Chapter No. 9 - Other Subsidiary Books
Chapter No. 10 - Journal Proper
Chapter No. 11 - Trial Balance
Chapter No. 12 - Bank Reconciliation Statement
Chapter No. 14 - Provisions and Reserves
Chapter No. 15 - Bills of Exchange
Chapter No. 16 - Rectification of Errors
Chapter No. 17 - Financial Statements - (Without Adjustments)
Chapter No. 18 - Financial Statements - (With Adjustments)
Check out V. K. Publication Class 12 @ Oficial Website of V. K. 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 no 19 Chapter 1 V K Publication class 12", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Chapter No 01 - Accounting for Not for Profit Organisation.
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.
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