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 all Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

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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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