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 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: –

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 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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