Question 04 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

Q 4 CH 1 Usha 2 Book 2018 Solution min 1 1024x576 - Question 04 Chapter 1 of +2 Part-1 - USHA Publication  12 Class Part - 1

Question 04 Chapter 1 of +2-Part-1

4. (Subscription) Find out the income from the subscription of India Hockey Club:

     Rs.
(a) Subscription received during the year 151,200
(b) Subscription outstanding opening 6,300
(c) Subscription advance opening 14,700
(d)  Subscription advance closing 8,400
(e) Subscription outstanding closing 10,500

 

 

The solution of Question 04 Chapter 1 of +2 Part-1

: – 

 

Income and Expenditure Account
Particulars
Amount Particulars Amount
    By Subscription received 1,51,200  
    Add: – Closing O/S 10,500  
      – Opening advance 14,700  
        1,76,400  
      Less: – Opening O/S 6,300  
      – Closing advance 8400 1,61,700



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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 04 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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