Question 06 Chapter 1 of +2 Part-1 - USHA Publication 12 Class Part

Question 06 Chapter 1 of +2 Part-1

Table of Contents

6. (Subscription Account) Prepare subscription account from the information given below:

		Rs.
(a)	Subscription received during the year	30,000
(b)	Subscription due but not received (opening)	8,000
(c)	Subscription received in advance (opening)	2,000
(d)	Subscriptions due but not received (closing)	6,000
(e)	Subscription received in advance (closing)	4,000

The solution of Question 06 Chapter 1 of +2 Part-1: –

Subscription Account
Particular	Amount	Particular	Amount
To Balance c/d	8,000	By Balance b/d	2,000
(Outstanding at the beginning)		(Received in Advance – opening)
To Balance b/d	4,000	By Cash A/c	30,000
(Received in Advance at the end)
To Income and Expenditure A/c	26,000	By Balance c/d	6,000
		(Outstanding at the end)
	38,000		38,000

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Also, Check out the solved question of previous Chapters: –

Chapter No. 1 – Financial Statements of a Company
Chapter No. 2 – Financial Statement Analysis
Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
Chapter No. 4 – Ratio Analysis
Chapter No. 5 – Cash Flow Statement