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: –

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 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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