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Get complete step-by-step solutions for Unimax Class 12 Part 1 - 2021 - Chapter No. 1 – Accounts of Non-Profit Organisations - Unimax. Study double-entry system details, practice timed problems, and verify answers directly.
Chapter No. 1 – Accounts of Non-Profit Organisations - Unimax
Question 1 Chapter 1 - Unimax Class 12 Part 1
1. Find out the income from the subscription for the year:
| (a)Subscriptions received during the year | 5200 |
| (b)Subscriptions outstanding at the end | 2100 |
| (c)Subscriptions outstanding at the beginning of the year | 600 |
| (d)Subscriptions received in advance at the end of the year | 700 |
| (e)Subscriptions received in advance at the beginning of the year | 400 |
| Particulars | Amount | |
|---|---|---|
| Subscription received During the year | 5200 | |
| Add: - Outstanding at end of the year | 2100 | |
| Add: - Received in advance at the beginning of the year | 400 | 2500 |
| 7700 | ||
| Less: - Outstanding at beginning of the year | 600 | |
| Less: - Received in advance at the end of the year | 700 | 1300 |
| 6400 | ||
It is all about Question 1 Chapter 1 of Class 12 unimax, If you have any problem 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
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.