NCERT Solutions
Board Paper Solutions
Ask & Answer
School Talk
Login
GET APP
Login
Create Account
Popular
Latest
Manpreet Virk
Subject: Accountancy
, asked on 25/1/17
Subscription. Amount mentioned in receipt and payment account does include subscrition of previous year i mean does it include previous year oustanding subscription or advance
Answer
3
Manpreet Virk
Subject: Accountancy
, asked on 24/1/17
Why life membership is shown on expenditure side i have taken this screenshot from study material of meritnation
Answer
2
Wayne Moses Fernandes
Subject: Accountancy
, asked on 21/1/17
Find out the income from subscription to be taken to the credit side of Income & Expenditure Account for the year 2010 from the following information:
1
Subscription received during the year 2010
Rs. 13,50,000
2
Subscription due for 2010 as on December 31
st
, 2010
Rs. 35,000
3
Subscription due for 2009 as on December
31
st
, 2009
Rs. 15,000
4
Subscriptions received in advance in 2009 for 2010
Rs. 18,000
5
Subscriptions received in advance during 2010 for 2011
Rs. 32,000
Answer
1
Wayne Moses Fernandes
Subject: Accountancy
, asked on 21/1/17
Inc and exp
Answer
1
Wayne Moses Fernandes
Subject: Accountancy
, asked on 21/1/17
NPO
Answer
1
Wayne Moses Fernandes
Subject: Accountancy
, asked on 21/1/17
Inc and expenditure a/c
Answer
1
Wayne Moses Fernandes
Subject: Accountancy
, asked on 21/1/17
Inc and exp a/c
Answer
1
Ishita Nigam
Subject: Accountancy
, asked on 13/1/17
what is endowment fund ? and plz explain in brief coz i am not able to understand any ans on meritnation related to this!
Answer
2
Fayad Mehamood.mk
Subject: Accountancy
, asked on 21/12/16
can anyone which is important in npo
Answer
2
Shanaya
Subject: Accountancy
, asked on 15/12/16
Q. How will you deal with the following case while preparing the final accounts for the year 2002 :
Subscription received during 2002 : for 2001 Rs. 10,000 , for 2002 Rs. 60,000 , for 2003 Rs. 12,000.
Subscription received in advance as at 31.12.2001 - Rs. 12,000.
Subscription outstanding as at 31.12.2001-Rs. 12,000
Subscription outstanding for the year 2002- Rs. 18,000
Q. Prepare the subscription account from the following items for the year ending on March 31, 2003.
Subscription in arrears on 31.03.2002 -Rs. 1000.
Subscription received in advance on 31.03.2002 - Rs. 2200.
Total subscription received during 2002-2003( including Rs. 800 for 2001-2002 , Rs. 1800 for 2003-2004 and Rs. 600 for 2004-2005)-Rs. 70800.
Subscription outstanding for 2002-2003 - Rs. 800.
Answer
1
Shanaya
Subject: Accountancy
, asked on 15/12/16
Please explain both questions:
Q.6. From the following extracts of the receipts and payments account and the additional information, you are required to compute the income from subscription for the year ending on December 31,2002 and show the subscription items in the expenditure account and the balance sheet as on 31.12.2002.
Information
Subscription outstanding as on 31.12.2001 Rs 9,200, subscription received in advance as on 31.12.2001,
Rs 2,800 (including Rs 800 for 2002). There are 1,440 members each paying an annual subscription of Rs 100.
Q.7. How will you deal with the following items while preparing the income and expenditure account for the year ending on 31st December, 2003 and the balance sheet as on that date ?
Subscription outstanding as on 31.12.2002; Rs 9,500 (including Rs 500 for 2001), subscription received in advance as on 31.12.2002, Rs 3,000 (including Rs 200 for 2004).
Subscription received during 2003 : for 2001 Rs 400, for 2002 Rs 8,9000, for 2003 Rs 1,34,400, for 2004
Rs 4,000, for 2005 Rs 1,200.
Answer
1
Santosh Simhan
Subject: Accountancy
, asked on 10/12/16
If there is a Sports Fund, all expenses on sports activities will be debited to it. Is it correct
Answer
3
Santosh Simhan
Subject: Accountancy
, asked on 10/12/16
Receipts and Payments Account shows the receipts and payments without distinguishing between capital and revenue and also the period to which they relate. Why? (HOTS)
Answer
1
Ujjwal Sancheti
Subject: Accountancy
, asked on 18/7/16
From following facts ascertain the propencity of income in comparision to cash inflow:-
1)op. cash bal. 1,20,0000
2)outstanding subscription receivable 58,000
3)outstanding membership fee 23000
4)Pre-received membership fee 29000
5)Life membership fee received 35000
6)Cash received from sale of furniture 77,000
7)Expenditure made to buy sports equipment 33,000
Answer
1
Ujjwal Sancheti
Subject: Accountancy
, asked on 17/7/16
what is basis of difference in marshalling of accounts in trading concern and not for profit organization
Answer
1
Prev
1
2
3
4
5
Next
What are you looking for?
Subscription received during 2002 : for 2001 Rs. 10,000 , for 2002 Rs. 60,000 , for 2003 Rs. 12,000.
Subscription received in advance as at 31.12.2001 - Rs. 12,000.
Subscription outstanding as at 31.12.2001-Rs. 12,000
Subscription outstanding for the year 2002- Rs. 18,000
Q. Prepare the subscription account from the following items for the year ending on March 31, 2003.
Subscription in arrears on 31.03.2002 -Rs. 1000.
Subscription received in advance on 31.03.2002 - Rs. 2200.
Total subscription received during 2002-2003( including Rs. 800 for 2001-2002 , Rs. 1800 for 2003-2004 and Rs. 600 for 2004-2005)-Rs. 70800.
Subscription outstanding for 2002-2003 - Rs. 800.
Q.6. From the following extracts of the receipts and payments account and the additional information, you are required to compute the income from subscription for the year ending on December 31,2002 and show the subscription items in the expenditure account and the balance sheet as on 31.12.2002.
Information
Subscription outstanding as on 31.12.2001 Rs 9,200, subscription received in advance as on 31.12.2001,
Rs 2,800 (including Rs 800 for 2002). There are 1,440 members each paying an annual subscription of Rs 100.
Q.7. How will you deal with the following items while preparing the income and expenditure account for the year ending on 31st December, 2003 and the balance sheet as on that date ?
Subscription outstanding as on 31.12.2002; Rs 9,500 (including Rs 500 for 2001), subscription received in advance as on 31.12.2002, Rs 3,000 (including Rs 200 for 2004).
Subscription received during 2003 : for 2001 Rs 400, for 2002 Rs 8,9000, for 2003 Rs 1,34,400, for 2004
Rs 4,000, for 2005 Rs 1,200.
1)op. cash bal. 1,20,0000
2)outstanding subscription receivable 58,000
3)outstanding membership fee 23000
4)Pre-received membership fee 29000
5)Life membership fee received 35000
6)Cash received from sale of furniture 77,000
7)Expenditure made to buy sports equipment 33,000