Advertisement

Question no 19 Chapter 1 V K Publication class 12

Question no 19 Chapter 1 V K Publication Class 12
Question no 19 Chapter 1 V K Publication Class 12

Advertisement

Question no 19 Chapter 1 V K Publication class 12

Advertisement

19. Prepare a statement showing all relevant items of subscriptions from the following
information:

An Extract of Receipts and Payments Account
for the year ending 31st March, 2018

Receipts Payments₹ 
To Subscription:    
2016-2017500   
2017-20182,000   
2018-20194002,900  

Information: The club has 50 members, each paying annual subscription of ₹ 50.

The Solution of Question No 19 Chapter No 01 – V K Publications Class 12

Income and Expenditure Account For the year ended 31st March, 2018
ExpendituresAmountIncomesAmount
  By Subscriptions A/c2,000 
  Add: Outstanding for 31st March, 20185002,500

Working Note:

Advertisement-X

 
Total Subscriptions due (50 x 50)2,500
Less: Subscriptions received for 3lst March, 20182,500
Outstanding Subscriptions for 31st March, 2018500

Thanks, Please Like and share with your friends  

Comment if you have any Doubts.

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:

Advertisement-X

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

  • 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 

Advertisement-X

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

Advertisement-X

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 

Advertisement-X

Advertisement-Y

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)

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

Advertisement

error: Content is protected !!