Question 9 Chapter 1 – Unimax Class 12 Part 1 – 2021

Question 9 Chapter 1 - Unimax Class 12 Part 1 - 2021

Question 9 Chapter 1 – Unimax Class 12 Part 1

Free Accounting book Solution - Class 11 and Class 12

9. Find out income from subscriptions during the year ending 2021 :

Subscriptions received during the year 12000
Subscription outstanding at the beginning of the year 2000
Subscription received in advance for the next year 2022 900
Subscription received in advance during the 2020 year 700
Subscription outstanding at the end of the year 2,800

The solution to Question 9 Chapter 1 – Unimax Class 12 Part 1: 

  Amount
Subscription received during the year 2012   12000
Add: – Subscription received in advance as on 1st Jan., 2012   700
Add: – Outstanding subscription as on 31st Dec., 2012   2800
    15500
Less: – Subscription received in advance as on Dec. 31, 2012 900  
Less: – Outstanding subscription as on 1st Jan., 2012 2000 2900
Income from the subscription for the year 2012   12600

It is all about Question 9 Chapter 1 of Class 12 Unimax, If you have any Doubts 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)