# Chapter No. 1 – Accounting Not for Profit Organisations – USHA Publication Class +2 – Solution

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:

## Meaning of Not-for-Profit Organisations: –

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: –

• Charitable Hospital
• Charitable School, College or Educational Institutions
• Particulars Club of any Society, Colony or city
• Gurudwaras, Temple, Church and Masjids

Not-for-Profit Organisations – Meaning and Overview

## Chapter No. 1 – Accounting Not for Profit Organisations – USHA Publication Class +2 – Solution

Question wise solution of the all Questions of Chapter No. 1 – Accounting Not for Profit Organisations – USHA Publication Class +2 – Solutions are shown below: –

### Question 01 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

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

### Question 02 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

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

### Question 03 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

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

### Question 04 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

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

### Question 05 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

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.

### Question 05 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

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.

### Question 05 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

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.

### Question 05 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

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.

### Question 05 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

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.

### Question 05 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

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.

### Question 05 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

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.

### Question 05 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

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.

### Question 05 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

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.

### Question 05 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

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.

### Question 05 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

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.

### Question 05 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

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.

### Question 05 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

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.

### Question 05 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

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.

### Question 05 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

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.