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: –

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 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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