Question 15 Chapter 1 – Unimax Class 12 Part 1 – 2021

Question 15 Chapter 1 - Unimax Class 12 Part 1 - 2021

Question 15 Chapter 1 – Unimax Class 12 Part 1

Free Accounting book Solution - Class 11 and Class 12

15. Subscription received during the year ending 31st Dec. 2021- Rs. 10,500. This amount includes Rs. 600 pertaining to the year 2022 and Rs. 500 pertaining to the year 2020. Subscriptions outstanding on 31st Dec. 2021 Rs. 1,850 and on 1st Jan. 2021- Rs. 650.

What amount will be shown on the Asset side of the balance sheet as on 31-12-2021?

The solution of Question 15 Chapter 1 – Unimax Class 12 Part 1: 

Particulars Amount
Subscription outstanding as on 1 Jan., 2012   650
Less: – Received during the year 2012   500
Still outstanding   150
Add: – Outstanding as on 31st Dec., 2012   1850
Amt. of subscription to be shown on the asset side of the Balance Sheet as on 31-12-2012 2000

This is all about the Question 15 Chapter 1 – Unimax. You can check out the following article to better understand:

Not-for-Profit Organisations – Meaning and Overview

You Can also read all the above articles in Hindi on our Hindi Website

Not-for-Profit Organisations – Meaning and Overview – In Hindi

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

Accountancy – Unimax Class 12 Part 1 – 2021 – Solution.

Chapter No. 1 – Accounts of Non-Profit Organisations

Chapter No. 2 – Partnership Accounts – I (Basic Concepts)

Chapter No. 3 – Partnership Accounts – II (Goodwill)

Chapter No. 4 – Partnership Accounts – III (Change in Profit Sharing Ratio among Existing Partners)

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)

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)

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

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)