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

Question 06 Chapter 1 of +2- Part-1
Q-6 - CH-1 - Usha +2 Book 2018 - Solution

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Question 06 Chapter 1 of +2 Part-1

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

   Rs.
(a)Subscription received during the year30,000
(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
AmountParticularAmount
To Balance c/d8,000By Balance b/d2,000
(Outstanding at the beginning) (Received in Advance – opening) 
To Balance b/d4,000By Cash A/c30,000
(Received in Advance at the end)     
To Income and Expenditure A/c26,000By 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

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
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

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