Home
Class 12
ACCOUNTS
From the following extract of Receipts a...

From the following extract of Receipts and Payments Account and additional information compute income from subscriptions for the year ended 31st March 2019 and show it in the Final Accounts of the Club:

Additional Information:
`{:(,,"As at 31st March,",,"As at 31st March"),(,,2018(Rs),,2019(Rs)),("Subscriptions Outstanding",,20.000,,40.000),("Subscriptions Received in Advance",,30.000,,20.000):}`

Text Solution

Verified by Experts

The correct Answer is:
N/a

Promotional Banner

Topper's Solved these Questions

  • FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ORGANISATIONS

    TS GREWAL|Exercise Example|1 Videos
  • FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ORGANISATIONS

    TS GREWAL|Exercise Questions|6 Videos
  • FINANCIAL STATEMENT OF A COMPANY

    TS GREWAL|Exercise EXERCISE|45 Videos
  • GOODWILL: NATURE AND VALUATION

    TS GREWAL|Exercise EVALUATION QUESTIONS: QUESTIONS WITH MISSING VALUES|2 Videos

Similar Questions

Explore conceptually related problems

For the following of the receipts and Payments Account and the additional informantion you are required to calculate income from subscriptions for the year ended 31st March 2019 and show it in the Final Accounts of the Club. Additional Information : (i) Subscriptions outstanding as at 31st March , 2018 Rs. 20,000. (ii) subscriptions outstanding as at 31st March , 2019 : Rs. 30,000. (iii) Subscriptions received in advance as at March ,2018 : Rs.20,000.

From the following Receipts and Payments Account of jaipur Sports club prepare income and Expenditure Account for the year ended 31st March 2019:

Receipts and payments Account of Medical aid Society for the year ended 31st March 2019 is given below : Additional Information {:(,"1st April",,"31st March",,,,"1st April",,"31st March"),(,"2018(Rs)",,"2019(Rs)",,,,"2018(Rs)",,"2019(Rs)"),("Subscriptions Due","5,000",,"10,000",,"Amount Due to medicine Supplier",,"80,000",,"1,20,000"),("Subscriptions Received in Advance","10,000",,"5,000",,"Equipments",,"2,10,000",,"3,00,000"),("Stock of Medicines","1,00,000",,"1,50,000",,"Building",,"4,00,000",,"3,80,000"):} Prepare Income and Expenditure Account for the year ended 31st March 2019 and Balance Sheet as at that date.

How are the following dealt with while preparing the final accounts for the year ended 31st March 2019? Additional Information {:(,"As at 31st March , 2018(Rs)",,"As at 31st March 2019(Rs)"),("Sporst Materials","20,000",,"25,000"),("Creditors for Sports Materials","7,000",,"15,000"):}

from the following information prepare Receipts and Payments Account of Longtown Sports Club for the year ending 31st March 2019:

Hor are the following dealt with while preparing the final accounts of a sports club for the year ended 31st March 2019 ? Additional Information: {:(,"As at 31st March , 2018(Rs)",,"As at 31st March 2019(Rs)"),("Sporst Materials","20,000",,"25,000"),("Creditors for Sports Materials","7,000",,"15,000"):}

From the information given below prepare Receipts and Payments Account of Friends Club for the year ended on 31st March 2019:

Following is the Receipt and Payment Account of Women's Welfare Club for the year ended 31st March 2019 Prepare income and expenditure account for the year ended 31st March 2019 and Balance Sheet as on that date

From the following Receipta and Payments Account and additional information relating to the Star Cricket club, preare income and Expenditure Account for the year ended 31st March 2019 and Balance Sheet as at that date, {:("Assets on 1st April 2018",,"Rs"),("Stock of Bats and Balls",,"15,000"),("Stationery",,"2,000"),("Subscription Due",,"5,000"):} Subscription due on 31st March 2019 amounted to Rs 7,500 Write off 50% Bats Balls (not considering sale) and 25% of Stationery.

TS GREWAL-FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ORGANISATIONS-Exercise
  1. From the following extract of Receipts and Payments Account and additi...

    Text Solution

    |

  2. From the information given below prepare Receipts and Payments Account...

    Text Solution

    |

  3. Bengal Cricket Club was inaugurated on 1st April 2018. It had the foll...

    Text Solution

    |

  4. The following information were obtained from the books of Delthi Club...

    Text Solution

    |

  5. from the following information prepare Receipts and Payments Account ...

    Text Solution

    |

  6. From the following particulars of Evergreen Club prepare Receipts an...

    Text Solution

    |

  7. How are the following items shown in the accounts of a Not-for-Profit...

    Text Solution

    |

  8. How are the following dealt with in the accounts of a Not-for-Profit O...

    Text Solution

    |

  9. How are the following dealt with while preparing the final accounts o...

    Text Solution

    |

  10. From the following information of a club show the amounts of match exp...

    Text Solution

    |

  11. Show how are the following items dealt with while preparing the final ...

    Text Solution

    |

  12. How is Entrance Fees dealt with while preparing the final accounts for...

    Text Solution

    |

  13. In the ended 31st March 2019 subscriptions received by the jaipur Lit...

    Text Solution

    |

  14. Subscriptions received during the year ended 31st March 2019 are : ...

    Text Solution

    |

  15. In the year ended 31st March 2019 subscriptions received by kings Cl...

    Text Solution

    |

  16. From the following information calculate amount of subscriptions to b...

    Text Solution

    |

  17. Calculate amount of subscription which will be treated as income for ...

    Text Solution

    |

  18. From the following particulars calculate amount of subscription to be ...

    Text Solution

    |

  19. How are the following items of subscriptions shown in the Income and E...

    Text Solution

    |

  20. From the following information calculate amount of subscriptions outst...

    Text Solution

    |

  21. From the following information , prepare subscription Account for the ...

    Text Solution

    |