Question no 19 Chapter 1 V K Publication class 12
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: | ||||
2016-2017 | 500 | |||
2017-2018 | 2,000 | |||
2018-2019 | 400 | 2,900 |
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 | ||||
Expenditures | Amount | Incomes | Amount | |
By Subscriptions A/c | 2,000 | |||
Add: Outstanding for 31st March, 2018 | 500 | 2,500 |
Working Note:
₹ | |
Total Subscriptions due (50 x 50) | 2,500 |
Less: Subscriptions received for 3lst March, 2018 | 2,500 |
Outstanding Subscriptions for 31st March, 2018 | 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
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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
- Chapter No. 1 – Introduction of Accounting
- Chapter No. 2 – Theory Base of Accounting
- Chapter No. 3 – Vouchers and Transactions
- Chapter No. 4 – Journal
- Chapter No. 5 – Goods and Services Tax (GST): An Introduction
- Chapter No. 6 – Ledger
- Chapter No. 7 – Special Purpose Book – Cash Book
- Chapter No. 8 – Other Subsidiary Books
- Chapter No. 9 – Trial Balance
- Chapter No. 10 – Rectification of Errors
- Chapter No. 11 – Depreciation
- Chapter No. 12 – Provision and Reserves
- Chapter No. 13 – Bank Reconciliation Statement
- Chapter No. 14 – Bills of Exchange
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. 2 – Theory Base of Accounting
Chapter No. 3 – Origin of Transactions
Chapter No. 4 – Vouchers and transactions
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Chapter No. 6 – Accounting for Goods and Services Tax(GST)
Chapter No. 9 – Other Subsidiary Books
Chapter No. 10 – Journal Proper
Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
Chapter No. 14 – Provisions and Reserves
Chapter No. 15 – Bills of Exchange
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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
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