Question 13 Chapter 1 of +2- Part-1
Table of Contents
13. (Subscription) There are 900 members in a society, each paying an annual subscription of Rs. 10 each. Subscription received in advance at the beginning and at the end of the year was Rs.2600 and Rs. 2800 respectively. Subscription unpaid at the beginning of the year Rs.1,400, Subscription received during the year Rs.8,000. Calculate the subscription unpaid at the end.
The solution of Question 13 Chapter 1 of +2 Part-1: –
Calculation of Amount of Subscription: |
|||
Particular |
Amount | ||
Subscription received During the year | 8,000 | ||
Add: – Received in advance (opening) | 2,600 | ||
10,600 | |||
Less: – Received in advance (closing) | 2,800 | ||
Subscription unpaid opening | 1,400 | (4,200) | |
Subscription received during the year | 6,400 | ||
Subscription income for the year (900 members @ Rs. 10 each) | 9,000 | ||
Less: – Received for the year (as above) | (6,400) | ||
Subscription outstanding at the end | 2,600 |
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Also, Check out the solved question of previous Chapters: –
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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