From the following extracts of the Receipts and Payments Account and t

1.	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, 2012 and show the subscription items in the income and Expenditure Account and the Balance Sheet as on 31-12-2012 AN EXTRACT OF RECEIPTS AND PAYMENTS ACCOUNT for the year ending on 31st December, 2012 ReceiptsAmountPaymentsAmount(Rs)(Rs)To Subscriptions : 20119,000 20121,34,400 20135,200 Information : Subscription outstanding as on 31-12-2011 Rs 9,200. Subscription received in advance as on 31-12-2011 Rs 2,800 (including Rs 800 for 2012). There are 1,440 members each playing an annual subscription of Rs 100.
Answer» 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, 2012 and show the subscription items in the income and Expenditure Account and the Balance Sheet as on 31-12-2012 AN EXTRACT OF RECEIPTS AND PAYMENTS ACCOUNT for the year ending on 31st December, 2012 $\begin{matrix} Receipts & Amount & Payments & Amount (Rs) & (Rs) To Subscriptions : 2011 & 9, 000 2012 & 1, 34, 400 2013 & 5, 200 \end{matrix}$ Information : Subscription outstanding as on 31-12-2011 Rs 9,200. Subscription received in advance as on 31-12-2011 Rs 2,800 (including Rs 800 for 2012). There are 1,440 members each playing an annual subscription of Rs 100.

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, 2012 and show the subscription items in the income and Expenditure Account and the Balance Sheet as on 31-12-2012 AN EXTRACT OF RECEIPTS AND PAYMENTS ACCOUNT for the year ending on 31st December, 2012 ReceiptsAmountPaymentsAmount(Rs)(Rs)To Subscriptions : 20119,000 20121,34,400 20135,200 Information : Subscription outstanding as on 31-12-2011 Rs 9,200. Subscription received in advance as on 31-12-2011 Rs 2,800 (including Rs 800 for 2012). There are 1,440 members each playing an annual subscription of Rs 100.

Answer»

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, 2012 and show the subscription items in the income and Expenditure Account and the Balance Sheet as on 31-12-2012

AN EXTRACT OF RECEIPTS AND PAYMENTS ACCOUNT

for the year ending on 31st December, 2012

$\begin{matrix} Receipts & Amount & Payments & Amount (Rs) & (Rs) To Subscriptions : 2011 & 9, 000 2012 & 1, 34, 400 2013 & 5, 200 \end{matrix}$

Information : Subscription outstanding as on 31-12-2011 Rs 9,200. Subscription received in advance as on 31-12-2011 Rs 2,800 (including Rs 800 for 2012). There are 1,440 members each playing an annual subscription of Rs 100.

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