Question 01 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

Q 1 CH 1 Usha 2 Book 2020 Solution min 1024x576 - Question 01 Chapter 1 of +2 Part-1 - USHA Publication  12 Class Part - 1

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

 

The solution of Question 01 Chapter 1 of +2 Part-1

: – 

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 Balance b/d
(Received in Advance at the end)
30,000 By Cash A/c 2,25,000
To Income and Expenditure A/c 1,95,000 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 previous Chapters: –

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

  • Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
  • Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
  • Chapter No. 3 – Goodwill: Nature and Valuation
  • Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
  • Chapter No. 5 – Admission of a Partner
  • Chapter No. 6 – Retirement/Death of a Partner
  • Chapter No. 7 – Dissolution of a Partnership Firm

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

  • Chapter No. 1 – Financial Statements of a Company
  • Chapter No. 2 – Financial Statement Analysis 
  • Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
  • Chapter No. 4 – Accounting Ratios
  • Chapter No. 5 – Cash Flow Statement

 

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 1 min - Question 01 Chapter 1 of +2 Part-1 - USHA Publication  12 Class Part - 1
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

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