# Question 16 Chapter 1 of +2-A – T.S. Grewal 12 Class Part – A Vol. 1

Question 16 Chapter 1 of +2-A

16. Calculate the number of subscriptions which will be treated as income for the year ended 31st March 2019 for each of the following cases:

 Particulars Rs. Case I. (i)   Subscriptions collected during the year ended 31st March 2019 2,50,000 (ii)  Subscriptions in Arrears for the year ended 31st March 2019 6,000 (iii) Subscription received in advance for the year ended 31st March 2020 5,000 Case II (i)   Subscriptions collected during the year ended 31st March 2019 49,000 (ii)  Subscriptions for the year ended 31st March 2019 Collection in the year ended 31st March 2019 (iii) Subscription unpaid for the year ended 31st March 2019 3,000 2,000 Case III (i)    Subscriptions received during the year ended 31st March 2019 25,000 (ii)Subscriptions outstanding at the beginning of the year ended 31st March 2019 3,000 (iii)Subscription not yet collected for the year ended 31st March 2019 5,000 Case IV (i)    Subscriptions received during the year ended 31st March 2019 80,000 (ii)Subscriptions outstanding at the beginning of the year ended 31st March 2019 5,000 (iii)Subscriptions not yet collected for the year ended 31st March 2019 8,000 (iv)Subscriptions received in advance for the year ended 31st March 2020 2,000 Case V (i)    Subscriptions received during the year ended 31st March 2019 90,000 (ii)Subscriptions outstanding at the end of the year ended 31st March 2018 5,000 (iii)Subscriptions received in advance on 31st March 2018 3,000 (iv)Subscriptions received in advance on 31st March 2019 4,000 (v)Subscriptions not yet collected for the year ended 31st March 2019

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 CaseI Income and Expenditure Account Expenditure Amount Income Amount By Subscription 2,50,000 Add: – Closing O/S 6,000 – Opening advance 2,56,000 Less: – Opening O/S – Closing advance 5,000 2,51,000

Calculation of Amount of Subscriptions

 Subscription received During the year 2,50,000 Add: – Subscription in arrear as on 31/03/19 6,000 Subscription received in advance as on 1/4/18 2,56,000 Less: – Subscription in arrear as on 1/4/18 Subscription received in advance as on 31/03/19 5,000 The amount for subscription credited to the Income and Expenditure A/c 2,51,000

CaseII

 Income and Expenditure Account Expenditure Amount Income Amount By Subscription 49,000 Add: – Closing O/S 2,000 – Opening advance 3,000 54,000 Less: – Opening O/S – Closing advance 54,000

Calculation of Amount of Subscriptions

 Subscription received During the year 49,000 Add: – Subscription in arrear as on 31/03/19 2,000 Subscription received in advance as on 1/4/18 3,000 54,000 Less: – Subscription in arrear as on 1/4/18 Subscription received in advance as on 31/03/19 The amount for subscription credited to the Income and Expenditure A/c 54,000

CaseIII

 Income and Expenditure Account Expenditure Amount Income Amount By Subscription 25,000 Add: – Closing O/S 5,000 – Opening advance 30,000 Less: – Opening O/S 3,000 – Closing advance 27,000

Calculation of Amount of Subscriptions

 Subscription received During the year 25,000 Add: – Subscription in arrear as on 31/03/19 5,000 Subscription received in advance as on 1/4/18 30,000 Less: – Subscription in arrear as on 1/4/18 3,000 Subscription received in advance as on 31/03/19 The amount for subscription credited to the Income and Expenditure A/c 27,000

CaseIV

 Income and Expenditure Account Expenditure Amount Income Amount By Subscription 80,000 Add: – Closing O/S 8,000 – Opening advance 88,000 Less: – Opening O/S 5,000 – Closing advance 2,000 81,000

Calculation of Amount of Subscriptions

 Subscription received During the year 80,000 Add: – Subscription in arrear as on 31/03/19 8,000 Subscription received in advance as on 1/4/18 88,000 Less: – Subscription in arrear as on 1/4/18 5,000 Subscription received in advance as on 31/03/19 2,000 The amount for subscription credited to the Income and Expenditure A/c 81,000

CaseV

 Income and Expenditure Account Expenditure Amount Income Amount By Subscription 90,000 Add: – Closing O/S 6,000 – Opening advance 3,000 99,000 Less: – Opening O/S 5,000 – Closing advance 4,000 90,000

Calculation of Amount of Subscriptions

 Subscription received During the year 90,000 Add: – Subscription in arrear as on 31/03/19 6,000 Subscription received in advance as on 1/4/18 3,000 99,000 Less: – Subscription in arrear as on 1/4/18 5,000 Subscription received in advance as on 31/03/19 4,000 The amount for subscription credited to the Income and Expenditure A/c 90,000

Not-for-Profit Organisations – Meaning and Overview