Income Received In Advance

Accrued Income or Income Receivable|Unearned Income or Income Received in Advance|Interest on Capital|Interest on Drawings|Interest on Loan|Bad Debts|Provision for Bad and Doubtful Debts|Provision for discount on Debtors|Abnormal Loss

Classify the following items under Major Head and Sub-head (if any) in the Balance Sheet of a company as per Schedule III of the Companies Act, 2013: (i) Capital Work-in-Progress, (ii) Provision for Warranties, (iii) Income Received in Advance, and (iv) Capital Advance.

Under which heads the following items will be placed in the Balance Sheet of a company as per Schedule III, Part I of the Companies Act, 2013? (i) Cash in Hand (ii) Mining Rights (iii) Short-term deposist (iv) Debentures Redemption Reserve (v) Income received in advance (vi) Balance of the Statement of Profit and Loss (vii) Office Equipments and (viii) Work-in-Progress

As per Receipt and Payment Account for the year ended on March 31, 2017, the subscriptions received were Rs. 2,50,000. Additional Information given is as follows: 1. Subscriptions Outstanding on 1.4.2016 Rs. 50,000 2. Subscriptions Outstanding on 31.3.2017 Rs.35,000 3. Subscriptions Received in Advance as on 1.4.2016 Rs.25,000 4. Subscriptions Received in Advance as on 31.3.2017 Rs.30,000 Ascertain the amount of income from subscriptions for the year 2016–17 and show how relevant items of subscriptions appear in opening and closing balance sheets.

How are the following items of subscriptions shown in the Income and Expenditure Account for the year {:("ended 31st March 2019 and Balance Sheets at at 31st March 2018 and 2019 ?",,"Rs"),("Subscriptions received during the year ended 31st March 2019",,"3,58,500"),("Subscriptions outstanding on 31st March 2018",,"30,000"),("Subscriptions received in Advance on 31st March 2018",,"22,500"),("Subscriptions received in Advance on 31st March 2019",,"13,500"),("Subsciptions outstanding on 31st March 2019",,"37,500"),("(including Rs 12,500 for the year ended 31st March 2018)",,):}

From the following information calculate amount of subscriptions to be credited to the income and expenditure Account for the year ended 31st March 2019: {:(,,,,"Rs"),("1st April 2018",,"Subscriptions in Arreats",,"30,000"),(,,"Subscriptions Received in Advance",,"30,000"),("31st March 2019",,"Subscriptions in Arrears",,"25,000"),(,,"Subscriptions Received in Advance",,"70,000"):} Subscription received during the year ended 31st March 2019-Rs 3,00,000. Subscription still in arrears for the year 2017-18-Rs. 10,000.