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: –

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 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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