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From the Following Information, Calculate the Amount of Income from Subscriptions to Be Shown in the Income and Expenditure Account for the Year Ended 31-3-2011: - Accountancy

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प्रश्न

From the following information, calculate the amount of income from subscriptions to be shown in the Income and Expenditure Account for the year ended 31-3-2011: 

Subscriptions received during the year 2010-2011

Rs

3,40,000

Subscriptions outstanding as on 31-3-2011

Rs

47,000

Subscriptions received in advance as on 31-3-2011

Rs

35,000

Subscriptions outstanding as on 1-4-2010

Rs

28,000

Subscriptions received in advance as on 1-4-2010

Rs

25,000

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उत्तर

Subscription Account

Dr.

Cr.

Particulars

Amount

Rs

Particulars

Amount

Rs

Outstanding Subscription A/c

(Outstanding subscription in the beginning)

 

Income and Expenditure A/c

(Balancing figure)

 

Advance Subscription A/c

(Advance subscription at the end)

 

 

 

 

28,000

 

 

 

3,49,000

 

 

35,000

 

 

Advance subscription A/c

(Advance subscription in the beginning)

 

Bank A/c (Subscription received during the year)

 

Outstanding Subscription A/c

(outstanding subscription at the end)

 

25,000

 

 

 

3,40,000

 

 

47,000

 

 

 

4,12,000

 

4,12,000

 

 

 

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2011-2012 (March) Delhi Set 1
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