Question 8 Chapter 1 – Unimax Class 12 Part 1 – 2021

Question 8 Chapter 1 - Unimax Class 12 Part 1 - 2021

Question 8 Chapter 1 – Unimax Class 12 Part 1

Free Accounting book Solution - Class 11 and Class 12

8. From the following information calculate the amount of subscriptions to be credited to the Income & Expenditure Account for the year 2020-21.

Subscription received during the year 3,60,000
Subscription outstanding on 31-03-2020 52,000
Subscription outstanding on 31-03-2021 32,000
Subscription received in Advance on 31-03-2020 30,000
Subscription received in Advance on 31-03-2021 20,000

Subscription of ₹ 4,000 are still in arrears for the year 2019-20.

The solution of Question 8 Chapter 1 – Unimax Class 12 Part 1: 

Particulars Amount
Subscription received during the year   3,60,000
Add: – Subscription outstanding on 31-03-2021 32,000  
Add: – Subscription received in Advance on 31-03-2020 30,000 62,000
    4,22,000
Less: – Subscription received in Advance on 31-03-2021 20,000  
Less: – Subscription outstanding on 31-03-2020 52,000 72,000
Amt. of stationery to be posted in income and Expenditure A/c 3,50,000

It is all about Question 8 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)

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