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In this post, we have provided the Question wise solution of all Questions of Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class 12. But first we will discuss the meaning of Not-for-Profit Organisations and then we will solved all problems:
Not-for-profit organisations are that organisations that did not do their work to earn profit rather than their main objective are to do work to achieve a specific goal for society's welfare or its members. These are also known as non-profit organisations.
The type of organisation run its operation mainly on the donations, entrance fee, subscription fee or membership fee.
The type of organisation run its operation mainly on the donations, entrance fee, subscription fee or membership fee.
Examples: –
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Question wise solution of the all Questions of Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solutions are shown below: -
1. (Subscription) Calculate subscription income from the following details obtained from Tendulkar Club.
| Rs. | ||
| (a) | Subscription received | 2,25,000 |
| (b) | Subscription due in opening | 60,000 |
| (c) | Subscription received in the advance opening | 15,000 |
| (d) | Subscriptions due but not received closing | 45,000 |
| (e) | Subscription received in advance closing | 30,000 |
2. (Subscription) Find out the amount to be credited to Income and Expenditure Account for the year ended 31-3-2015. Subscription received during the year Rs.2,26,800
| Particulars | 01-04-14 | 31-03-15 |
| Subscription due | 18,900 | 25,200 |
| Subscription in Advance | 23,100 | 4,200 |
3. (Subscription) From the following information, calculate the amount of subscription to be shown in the Income and Expenditure Account for the year ending 31-3-2015.
| Particulars | 2014 | 2015 | 2016 |
| Subscription received | 600 | 14,000 | 800 |
Subscription outstanding for 2015 was Rs.500
4. (Subscription) Find out the income from the subscription of India Hockey Club:
| (a) | Subscription received during the year | 151,200 |
| (b) | Subscription outstanding opening | 6,300 |
| (c) | Subscription advance opening | 14,700 |
| (d) | Subscription advance closing | 8,400 |
| (e) | Subscription outstanding closing | 10,500 |
5. (Subscription) Receipts and Payments account of Rotary Club disclosed that it has received Rs 20,000 by way of subscriptions for the year ended on 31-03-2015:
| Rs. | ||
| (a) | Subscription outstanding on 1-4-2014 (Out of which Rs.3,500 were received in 2014-15) | 5,000 |
| (b) | Subscription Outstanding on 31-3-2015 for 2014-15 | 6,400 |
| (c) | Subscription received in advance on 31-3-2014 | 3,000 |
| (d) | Subscription received in advance on 31-3-2015 | 4,100 |
Show how the subscription will appear in the Income and Expenditure Account for the year ending 31-3-2015.
5. (Subscription) Receipts and Payments account of Rotary Club disclosed that it has received Rs 20,000 by way of subscriptions for the year ended on 31-03-2015:
| Rs. | ||
| (a) | Subscription outstanding on 1-4-2014 (Out of which Rs.3,500 were received in 2014-15) | 5,000 |
| (b) | Subscription Outstanding on 31-3-2015 for 2014-15 | 6,400 |
| (c) | Subscription received in advance on 31-3-2014 | 3,000 |
| (d) | Subscription received in advance on 31-3-2015 | 4,100 |
Show how the subscription will appear in the Income and Expenditure Account for the year ending 31-3-2015.
5. (Subscription) Receipts and Payments account of Rotary Club disclosed that it has received Rs 20,000 by way of subscriptions for the year ended on 31-03-2015:
| Rs. | ||
| (a) | Subscription outstanding on 1-4-2014 (Out of which Rs.3,500 were received in 2014-15) | 5,000 |
| (b) | Subscription Outstanding on 31-3-2015 for 2014-15 | 6,400 |
| (c) | Subscription received in advance on 31-3-2014 | 3,000 |
| (d) | Subscription received in advance on 31-3-2015 | 4,100 |
Show how the subscription will appear in the Income and Expenditure Account for the year ending 31-3-2015.
5. (Subscription) Receipts and Payments account of Rotary Club disclosed that it has received Rs 20,000 by way of subscriptions for the year ended on 31-03-2015:
| Rs. | ||
| (a) | Subscription outstanding on 1-4-2014 (Out of which Rs.3,500 were received in 2014-15) | 5,000 |
| (b) | Subscription Outstanding on 31-3-2015 for 2014-15 | 6,400 |
| (c) | Subscription received in advance on 31-3-2014 | 3,000 |
| (d) | Subscription received in advance on 31-3-2015 | 4,100 |
Show how the subscription will appear in the Income and Expenditure Account for the year ending 31-3-2015.
5. (Subscription) Receipts and Payments account of Rotary Club disclosed that it has received Rs 20,000 by way of subscriptions for the year ended on 31-03-2015:
| Rs. | ||
| (a) | Subscription outstanding on 1-4-2014 (Out of which Rs.3,500 were received in 2014-15) | 5,000 |
| (b) | Subscription Outstanding on 31-3-2015 for 2014-15 | 6,400 |
| (c) | Subscription received in advance on 31-3-2014 | 3,000 |
| (d) | Subscription received in advance on 31-3-2015 | 4,100 |
Show how the subscription will appear in the Income and Expenditure Account for the year ending 31-3-2015.
5. (Subscription) Receipts and Payments account of Rotary Club disclosed that it has received Rs 20,000 by way of subscriptions for the year ended on 31-03-2015:
| Rs. | ||
| (a) | Subscription outstanding on 1-4-2014 (Out of which Rs.3,500 were received in 2014-15) | 5,000 |
| (b) | Subscription Outstanding on 31-3-2015 for 2014-15 | 6,400 |
| (c) | Subscription received in advance on 31-3-2014 | 3,000 |
| (d) | Subscription received in advance on 31-3-2015 | 4,100 |
Show how the subscription will appear in the Income and Expenditure Account for the year ending 31-3-2015.
5. (Subscription) Receipts and Payments account of Rotary Club disclosed that it has received Rs 20,000 by way of subscriptions for the year ended on 31-03-2015:
| Rs. | ||
| (a) | Subscription outstanding on 1-4-2014 (Out of which Rs.3,500 were received in 2014-15) | 5,000 |
| (b) | Subscription Outstanding on 31-3-2015 for 2014-15 | 6,400 |
| (c) | Subscription received in advance on 31-3-2014 | 3,000 |
| (d) | Subscription received in advance on 31-3-2015 | 4,100 |
Show how the subscription will appear in the Income and Expenditure Account for the year ending 31-3-2015.
5. (Subscription) Receipts and Payments account of Rotary Club disclosed that it has received Rs 20,000 by way of subscriptions for the year ended on 31-03-2015:
| Rs. | ||
| (a) | Subscription outstanding on 1-4-2014 (Out of which Rs.3,500 were received in 2014-15) | 5,000 |
| (b) | Subscription Outstanding on 31-3-2015 for 2014-15 | 6,400 |
| (c) | Subscription received in advance on 31-3-2014 | 3,000 |
| (d) | Subscription received in advance on 31-3-2015 | 4,100 |
Show how the subscription will appear in the Income and Expenditure Account for the year ending 31-3-2015.
5. (Subscription) Receipts and Payments account of Rotary Club disclosed that it has received Rs 20,000 by way of subscriptions for the year ended on 31-03-2015:
| Rs. | ||
| (a) | Subscription outstanding on 1-4-2014 (Out of which Rs.3,500 were received in 2014-15) | 5,000 |
| (b) | Subscription Outstanding on 31-3-2015 for 2014-15 | 6,400 |
| (c) | Subscription received in advance on 31-3-2014 | 3,000 |
| (d) | Subscription received in advance on 31-3-2015 | 4,100 |
Show how the subscription will appear in the Income and Expenditure Account for the year ending 31-3-2015.
5. (Subscription) Receipts and Payments account of Rotary Club disclosed that it has received Rs 20,000 by way of subscriptions for the year ended on 31-03-2015:
| Rs. | ||
| (a) | Subscription outstanding on 1-4-2014 (Out of which Rs.3,500 were received in 2014-15) | 5,000 |
| (b) | Subscription Outstanding on 31-3-2015 for 2014-15 | 6,400 |
| (c) | Subscription received in advance on 31-3-2014 | 3,000 |
| (d) | Subscription received in advance on 31-3-2015 | 4,100 |
Show how the subscription will appear in the Income and Expenditure Account for the year ending 31-3-2015.
5. (Subscription) Receipts and Payments account of Rotary Club disclosed that it has received Rs 20,000 by way of subscriptions for the year ended on 31-03-2015:
| Rs. | ||
| (a) | Subscription outstanding on 1-4-2014 (Out of which Rs.3,500 were received in 2014-15) | 5,000 |
| (b) | Subscription Outstanding on 31-3-2015 for 2014-15 | 6,400 |
| (c) | Subscription received in advance on 31-3-2014 | 3,000 |
| (d) | Subscription received in advance on 31-3-2015 | 4,100 |
Show how the subscription will appear in the Income and Expenditure Account for the year ending 31-3-2015.
5. (Subscription) Receipts and Payments account of Rotary Club disclosed that it has received Rs 20,000 by way of subscriptions for the year ended on 31-03-2015:
| Rs. | ||
| (a) | Subscription outstanding on 1-4-2014 (Out of which Rs.3,500 were received in 2014-15) | 5,000 |
| (b) | Subscription Outstanding on 31-3-2015 for 2014-15 | 6,400 |
| (c) | Subscription received in advance on 31-3-2014 | 3,000 |
| (d) | Subscription received in advance on 31-3-2015 | 4,100 |
Show how the subscription will appear in the Income and Expenditure Account for the year ending 31-3-2015.
5. (Subscription) Receipts and Payments account of Rotary Club disclosed that it has received Rs 20,000 by way of subscriptions for the year ended on 31-03-2015:
| Rs. | ||
| (a) | Subscription outstanding on 1-4-2014 (Out of which Rs.3,500 were received in 2014-15) | 5,000 |
| (b) | Subscription Outstanding on 31-3-2015 for 2014-15 | 6,400 |
| (c) | Subscription received in advance on 31-3-2014 | 3,000 |
| (d) | Subscription received in advance on 31-3-2015 | 4,100 |
Show how the subscription will appear in the Income and Expenditure Account for the year ending 31-3-2015.
5. (Subscription) Receipts and Payments account of Rotary Club disclosed that it has received Rs 20,000 by way of subscriptions for the year ended on 31-03-2015:
| Rs. | ||
| (a) | Subscription outstanding on 1-4-2014 (Out of which Rs.3,500 were received in 2014-15) | 5,000 |
| (b) | Subscription Outstanding on 31-3-2015 for 2014-15 | 6,400 |
| (c) | Subscription received in advance on 31-3-2014 | 3,000 |
| (d) | Subscription received in advance on 31-3-2015 | 4,100 |
Show how the subscription will appear in the Income and Expenditure Account for the year ending 31-3-2015.
5. (Subscription) Receipts and Payments account of Rotary Club disclosed that it has received Rs 20,000 by way of subscriptions for the year ended on 31-03-2015:
| Rs. | ||
| (a) | Subscription outstanding on 1-4-2014 (Out of which Rs.3,500 were received in 2014-15) | 5,000 |
| (b) | Subscription Outstanding on 31-3-2015 for 2014-15 | 6,400 |
| (c) | Subscription received in advance on 31-3-2014 | 3,000 |
| (d) | Subscription received in advance on 31-3-2015 | 4,100 |
Show how the subscription will appear in the Income and Expenditure Account for the year ending 31-3-2015.
5. (Subscription) Receipts and Payments account of Rotary Club disclosed that it has received Rs 20,000 by way of subscriptions for the year ended on 31-03-2015:
| Rs. | ||
| (a) | Subscription outstanding on 1-4-2014 (Out of which Rs.3,500 were received in 2014-15) | 5,000 |
| (b) | Subscription Outstanding on 31-3-2015 for 2014-15 | 6,400 |
| (c) | Subscription received in advance on 31-3-2014 | 3,000 |
| (d) | Subscription received in advance on 31-3-2015 | 4,100 |
Show how the subscription will appear in the Income and Expenditure Account for the year ending 31-3-2015.
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.
In this post, we have provided the Question wise solution of all Questions of Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class…
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