Subscription for current year = Subscription Received + Advance of Last Year (now due) - Advance Received during current year + Accrued Subscription.
=80,000+10,000−2,000+5,000=93,000.
CUET UG 2023 — Accountancy Financial Statements
Calculate subscription of current year to be credited to Income and Expenditure account from the following information :
Subscription Received Rs. 80,000, Subscription Received in Advance Last year Rs. 10,000, Subscription Received in Advance during this year Rs. 2,000 and Accrued Subscription at the end of current year Rs. 5,000 :
Held on 11 Jun 2023 · Verified 13 Jul 2026.
Rs. 95,000
Rs. 93,000
Rs. 82,000
Rs. 90,000
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Profit before interest and tax-
Match List-I with List-II | List-I | List-II | |---|---| | (A) SHAREHOLDERS FUND | (I) Non-current investments | | (B) CURRENT LIABILITIES | (II) Reserves and Surplus | | (C) CURRENT ASSET | (III) Trade Payables | | (D) FIXED ASSET | (IV) Inventories | Choose the correct answer from the options given below:
Auditor issues Annual report of company refering to___.
If the net profits earned during the year is Rs. 50,000 and the amount of debtors at the beginning and the end of the year is Rs. 10,000 and Rs. 20,000 respectively, then the cash from operating activities will be equal to:
Cash advances and loans made by financial enterprises are usually classified as ___________ activity.
Work through every CUET UG Financial Statements PYQ, year by year.