A club has 200 members each paying an annual subscription of ₹ 1,000
Solution:- Working Notes:-
Commerce School
Student Community
Archives Answers
Answer
Calculate the amount of subscription which will be treated as income for the year 2022 – 23, for each of the following cases:
Solution:-
From the following information, calculate the amount of subscription to be credited to the Income & Expenditure Account for the year ended 31st March, 2023:
Solution:-
During 2022-23, the subscriptions received by Kings Club of Delhi were ₹ 40,900 including ₹ 500 for 2021 – 22 and ₹ 1,000 for 2023 – 24
Solution:-
Subscriptions received during the year ended 31st March, 2023 are:
Solution:-
During the year ended 31st March, 2023, subscriptions received by the Kolkata Literary Society were ₹ 42,000
Solution:-
From the following particulars of Mumbai Recreation Club, prepare the Receipts and Payments Account for the year ended 31st March, 2023:
Solution:-
On 1st April, 2022, X started a business with ₹ 40,000 as his capital. On 31st March, 2023, his position was as follows:
Solution:-
Gurman, a retailer, has not maintained proper books of account but it has been possible to obtain the following details:
Solution:-
Vikas is keeping his accounts according to Single Entry System. His capital on 31st March, 2022 was ₹ 2,50,000 and his capital on 31st March, 2023 was ₹ 4,25,000
Solution:-