Question 3 Chapter 1 – Unimax Class 12 Part 1 – 2021

Question 3 Chapter 1 - Unimax Class 12 Part 1 - 2021

Question 3 Chapter 1 – Unimax Class 12 Part 1

Free Accounting book Solution - Class 11 and Class 12

3. Calculate the account of subscriptions received during the year ended 31st March 2021 from the following information:

Income from subscriptions for the current year Rs. 16,500, the other relevant information is:

(a)Subscriptions outstanding on 31st March 2020 1050
(b)Subscriptions received in advance on 31st March 2020 860
(c)Subscriptions outstanding on 31st March 2021 1040
(d)Subscriptions received in advance on 31st March 2021 550

The solution to Question 3 Chapter 1 – Unimax Class 12 Part 1: 

  Amount
Income from subscription During the year 2012-2013   16500
Add: – Outstanding as on 31st March 2013 1050  
Add: – Received in advance as on 31st March 2012 550 1600
    18100
Less: – Outstanding as on 31st March, 2012 1040  
Less: – Received in advance as on 31st March, 2013 860 1900
Amount of subscription received during the year 16200

https://tutorstips.com/not-for-profit-organisations/

It is all about Question 3 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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