# Question 19 Chapter 1 of +2-A – T.S. Grewal 12 Class Part – A Vol. 1

Question 19 Chapter 1 of +2-A

19. From the following information, calculate the number of subscriptions outstanding for the year ended 31st March 2019:
A club has 200 members each paying an annual subscription. The following additional information is provided:

 Rs. Subscription outstanding on 31st March 2018 30,000 Subscription received in Advance on 31st March 2019 40,000 Subscription received in Advance on 31st March 2018 14,000

### : –

 Income and Expenditure Account Expenditure Amount Income Amount By Subscriptions 2,00,000 (200 X 1000 each)

Calculation of Amount of Outstanding subscription

 Subscription received During the year 2,05,000 Add: – Subscription received in advance on 31st March 2018 for the year ended on 31st March 2019 14,000 2,19,000 Less: – Subscription in arrear as on 1/4/18 received during the year (30000-12500) 30,000 Subscription received in advance for the year ended 31/03/20 40,000 Total subscription due for the year ended 31/03/2019 200 X 1000 each 2,00,000 The amount for subscription credited to the Income and Expenditure A/c 51,000

Not-for-Profit Organisations – Meaning and Overview

Comment if you have any questions.

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

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

• Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
• Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
• Chapter No. 3 – Goodwill: Nature and Valuation
• Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
• Chapter No. 5 – Admission of a Partner
• Chapter No. 6 – Retirement/Death of a Partner
• Chapter No. 7 – Dissolution of a Partnership Firm

### T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

• Chapter No. 1 – Financial Statements of a Company
• Chapter No. 2 – Financial Statement Analysis
• Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
• Chapter No. 4 – Accounting Ratios
• Chapter No. 5 – Cash Flow Statement