Question 2 Chapter 1 – Unimax Class 12 Part 1 – 2021

Question 2 Chapter 1 - Unimax Class 12 Part 1 - 2021

Question 2 Chapter 1 – Unimax Class 12 Part 1

Free Accounting book Solution - Class 11 and Class 12

2. On the receipt side of “Receipts and payment”Account of Samsung club for the year ending 31st December 2021 subscription appeared at a figure of Rs. 24,800. Further information is that on 31st December, 2020 subscription due but not received amounted to Rs. 2,400 whereas subscription received was Rs.3,200 and subscription received in advance was Rs. 1,400 What amount should be posted to Income and Expenditure Account as subscription?

The solution of Question 2 Chapter 1 – Unimax Class 12 Part 1: 

  Amount
subscription received during the year    24,800
Add: – Subscription Outstanding as on 31-03-2021 3,200  
Add: – Advance subscription as on 31-03-2020 1,600 4,800
     
Less: – Subscription Outstanding as on 31-03-2020 2,400  
Less: – Advance subscription as on 31-03-2021 1,400 3,800
Amount of subscription posted in income Expenditure account. 25,800

It is all about Question 2 Chapter 1 of Class 12 unimax, If you have any problem please comment below.

Read out the full article to know the meaning of Not for Profit Organisations

Not-for-Profit Organisations – Meaning and Overview

Also, Check out the same article in Hindi from the following link

Not-for-Profit Organisations – Meaning and Overview

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)

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

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