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Question no 14 Chapter 1 V K Publication class 12

Question no 14 Chapter 1 V K Publication class 12
Question no 14 Chapter 1 V K Publication class 12

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Question no 14 Chapter 1 V K Publication class 12

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14. From the following balances, prepare a Balance Sheet of a not-for-profit organisation as at 31st March, 2018:

ParticularsParticulars
Cash and Bank balance30,000Subscription received in advance9,000
Furniture60,000Outstanding Subscriptions24,000
Investments90,000Outstanding Expenses27,000
Equipment’s1,20,000  

The Solution of Question No 14 Chapter No 01 – V K Publications Class 12

Balance Sheet (as at 31st March 2018)
Liabilities AmountAssetsAmount
Capital Fund (Balancing figure)2,70,000 Furniture 60,000
Add: Surplus18,0002,88,000Investments 90,000
Subscription Received in Advance 9000Equipment 1,20,000
Outstanding Expenses 27,000Cash and Bank balance 30,000
   Outstanding Subscription 24,000
  3,24,000  3,24,000

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Not-for-Profit Organisations – Meaning and Overview

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What is Receipt and Payment account – format in Excel & PDF

What is Incomes and Expenditures Account – format in Excel & PDF

What is subscription in NPO – Treatments and Examples:

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

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

Students may choose only one part from the Part II and Part III

Part-II

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  • Chapter No. 15 – Financial Statements (Without Adjustments)
  • Chapter No. 16 – Financial Statements (With Adjustments)
  • Chapter No. 17 – Accounts from Incomplete Records –  Single Entry System

Part-III

  • Chapter No. 18 – Introduction to Computers and Accounting information System
  • Chapter No. 19 – Computerised Accounting
  • Chapter No. 20 – Accounting Software: Tally 
  • Chapter No. 21 – Data Base System
  • Chapter No. 22 – Concept of Entity and Relationship 

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

Chapter No. 5 – Journal

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Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

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Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

Chapter No. 14 – Provisions and Reserves 

Chapter No. 15 – Bills of Exchange

Chapter No. 16 – Rectification of Errors 

Chapter No. 17 – Financial Statements – (Without Adjustments)

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Chapter No. 18 – Financial Statements – (With Adjustments)

Check out V.  K. Publication Class 12 @ Oficial Website of V. K. Publication

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