Question 03 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 03 Chapter 1 of +2- Part-1

Question 03 Chapter 1 of +2-Part-1

3. (Subscription) From the following information, calculate the amount of subscription to be shown in Income and Expenditure Account for the year ending 31-3-2015.

Particulars  2014 2015 2016
Subscription received 600 14,000 800

Subscription outstanding for 2015 was Rs.500

 

The solution of Question 03 Chapter 1 of +2 Part-1

: – 

Amount of Subscription for the year ending 31-3-2015:

Particulars
Amount
Subscription received During the year 14,000
Add: – Subscription outstanding for 2015 500
Amount for subscription credited to the Income and Expenditure A/c 14,500



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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 03 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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