Entrance Fee or Admission Fee is a revenue receipt and therefore, is accounted as an income and credited to Income and Expenditure Account. The Association also gives the following information : (i) The Association holds 6% Government Securities amounting to Rs. 1,200. Students will get in-depth knowledge on these topics in. Solution  2. Chapter 4 Common Size Statements. Question 48. Case 3. All the topics and subtopics are explained in detail by accountancy experts who have designed the solutions for the better understanding of the topics. (6) It was decided to treat one-half of the amounts received on account of donations as income. 6,000. Features of Receipts and Payments Account: 1.) These solutions for Class 12 are outlined keeping in mind the current CBSE syllabus, hence possessing a great chance of appearing in the board examinations. It means the donation received can be used only for library, i.e. 2.) What amount will be credited to the Income and Expenditure Account for the year ending 31st March, 2019 on the basis of the following information : Subscriptions received during the year 2018-19 were 2,00,000. 3,800 and unused postage stamps were of the value of Rs. 80,000 as subscription. dk goel accounts class 11 solutions chipin de. Subscription Outstanding as on March 31, 2015 were Rs. 3,000. 250. During the year 2016-17, Entrance Fees received Rs. Question 20. (iii) The Club owned furniture Rs. 3,500. Sports Club Ahmedabad had received in 2014-15 Rs. CBSE Class 11 Accountancy DK Goel (2019) Solutions are created by experts of the subject, hence, sure to prepare students to score well. DK Goel Textbook Solutions are outlined by subject matter experts. (vii) Gujarati cultural association owed Rs. Further information is: What amount should be credited to Income and Expenditure Account as subscriptions? 2,500. 50,000 received for Building Fund. Solution  7. Question 9. Total subscription received during the year 2016-17                 Rs. The solutions included in the DK Goel Accountancy Class 12 Volume 2 Chapter 1 Financial Statement of Companies are presented in a concise and detailed manner. The Chennai Sports Club received Rs. Salaries paid included Rs. 4,000 respectively. Calculate the amount of medicines consumed to be debited to Income & Expenditure Account for the year ended 31st March, 2019: Question 22. 4,000. Rs.60,000 were in arrears for last year and 25 members paid in advance in the last year for the current year. 30.000. How will you deal with the Entrance Fees while preparing the final accounts for the year ended 31st March, 2017, in each of the following alternative cases: Case 1. Question 17. 3,600. Charge depreciation @ 10% on closing balance of furniture. (ii) Advance Subscriptions are as follows: 31st March, 2013                                                                Rs. (iii) Locker Rent rate is Rs. Calculate the amount of medicines to be debited in the Income and Expenditure Account of a Hospital on the basis of the following information : April 1, 2016                                 April 1, 2017, Stock of Medicines                              90,000                                               1,24,000, Creditors for Medicines                     2,40,000                                                2,04,000. Accountancy Dk Goel 2018 Solutions for Class 11 Commerce Accountancy Chapter 13 Financial Statements are provided here with simple step-by-step explanations. How much amount will be shown in Income and Expenditure Account in the following case : Question 26. Subscriptions outstanding March 31, 2016                                10,000, 2. 900 and on 31-3-2017 salary outstanding was Rs.1,200. 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