# Question 09 Chapter 1 of +2- Part-1 – USHA Publication 12 Class Part – 1

Q-9 - CH-1 - Usha +2 Book 2018 - Solution

Question 09 Chapter 1 of +2-Part-1

9. Subscriptions received during the year ended March 31, 2015, by Indus Club were as under :

 Particulars Amount 2013-2014 3,000 2014-2015 93,000 2015-2016 2,000

The club has 500 members each paying Rs. 200 as an annual subscription. Subscription outstanding as of 31-3-14 was Rs. 6,000. Calculate the amount of subscription to be shown as income in the income and expenditure account for the year ended 31 March 2015 and show the relevant data in the Balance Sheet on 31-3-2014 and 2015.

## The solution of Question 09 Chapter 1 of +2 Part-1: –

 Calculation of Amount of Subscription: Amount Subscription received for the year 2014-15 93,000 Add: – Subscription outstanding on 31/03/2015 (500 x 200)-93000 7,000 The amount for subscription credited to the Income and Expenditure A/c 1,00,000

 Balance SheetAs on 31-3-2015 Particular Amount Particular Amount Subscription received in advance for 2014-15 2,000 Outstanding Subscription For 2013-14 (6,000- 3,000) 3,000 For 2014-15 7,000 10,000

Comment if you have any questions.

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