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

Question 06 Chapter 1 of +2- Part-1

Question 06 Chapter 1 of +2 Part-1

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 840 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: –

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

  • Chapter No. 1 – Accounting Not for Profit Organisations
  • Chapter No. 2 – Partnership Accounts – I
  • Chapter No. 3 – Partnership Accounts – II (Introduction)
  • Chapter No. 4 – Partnership Accounts – III (Goodwill: Nature and Valuation)
  • Chapter No. 5 – Partnership Accounts – IV (Reconstitution of Partnership)
  • Chapter No. 6 – Partnership Accounts – V (Admission of A Partner)
  • Chapter No. 7 – Partnership Accounts – VI (Retirement and Death of A Partner)
  • Chapter No. 8 – Company Accounts (Share Capital)
  • Chapter No. 9 – Company Accounts (Issue of Debentures)
  • Chapter No. 10 – Company Accounts (Redemption of Debentures)

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

  • Chapter No. 1 – Financial Statements of a Company (Balance Sheet Only)
  • Chapter No. 2 – Techniques of Financial Statement Analysis
  • Chapter No. 3 – Ratio Analysis 
  • Chapter No. 4 – Cash Flow Statement

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 1 min - Question 06 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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