Question 02 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 02 Chapter 1 of +2- Part-1

Question 02 Chapter 1 of +2 Part-1

2. (Subscription) Find out the amount to be credited to Income and Expenditure Account for the year ended 31-3-2015. Subscription received during the year Rs.2,26,800

Particulars  01-04-14 31-03-15
Subscription due 18,900 25,200
Subscription in Advance 23,100 4,200

The solution of Question 02 Chapter 1 of +2 Part-1: – 

Calculation of Amount of Subscription:

Particulars
Amount
Subscription received During the year 2,26,800
Add: – Subscription outstanding on 31/03/2015 25,200
Subscription received in advance on 1/4/2014 23,100
  2,75,100
Less: – Subscription outstanding on 1/4/14 (18,900)
Subscription received in advance 31/3/2015 (4,200)
Amount for subscription credited to the Income and Expenditure A/c 2,52,000

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Also, Check out the solved question of previous Chapters: –

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

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

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

2 Book 1 min - Question 02 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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