# Question 12 Chapter 1 of +2-A – T.S. Grewal 12 Class Part – A Vol. 1

Question 12 Chapter 1 of +2-A

Calculation of Amount of Subscriptions

12. In the year ended 31st March 2019 subscription received by the Jaipur Literary Society was Rs 4,20,000. These subscriptions include Rs 14,000 received for the year ended 31st March 2018 On 31st March 2019, subscriptions due but not received were Rs. 10,000. What amount should be credited to Income and Expenditure Account for the year ended 31st March 2019 as a subscription?

### The solution of Question 12 Chapter 1 of +2-A: –

Calculation of Amount of Subscriptions

 Subscription received During the year 4,20,000 Add: – Subscription outstanding at the end of the year 10,000 4,30,000 Less: – Subscription outstanding in the beginning of the year 14,000 The amount for subscription credited to the Income and Expenditure A/c 4,16,000

 In the Books of Jaipur Literary Society Income and Expenditure Account Expenditures Amount Incomes Amount By Subscription 4,20,000 Add: – O/s at the end 10,000 Less: – O/s in the beginning 14,000 4,16,000

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