Question no 17 Chapter 1 V K Publication class 12

Question no 17 Chapter 1 V K Publication class 12
Question no 17 Chapter 1 V K Publication class 12

Question no 17 Chapter 1 V K Publication class 12

17. In 2016-17, the subscriptions received were ₹ 21,000. These subscriptions include ₹ 500 for 2015-16 and ₹ 1,000 for 2017-18. On 31st March, 2017 subscriptions due but not received were ₹ 1000. The outstanding amount in 2015-16 was ₹ 500. What amount of subscription should be credited to Income and Expenditure Account for the year ending on 31st March 2017?

The Solution of Question No 17 Chapter No 01 – V K Publications Class 12

Statement showing Calculation of Subscriptions
Particulars Amount ₹
Subscriptions received during 2016-17 21,000
Less. Subscriptions Received for 2015-16 500
Less Subscriptions Received for 2017-18 1,000
  19,500
Add: Subscriptions due but not received for 2016-17 1,000
Amount of Subscription to be credited to Income and Expenditure A/c 20,500

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Not-for-Profit Organisations – Meaning and Overview

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

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Part-II

  • 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

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

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

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Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

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)

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

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

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