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

Question 04 Chapter 1 of +2- Part-1

Question 04 Chapter 1 of +2- Part-1

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

(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: –

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

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

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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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