Calculate the amount of subscription to be shown in Income and expenditure A/C for the year ending 31st March 2022
Subscription received during the year 2021-22 Rs. 100,000
Outstanding subscription for the year 2020-21 Rs. 10000
Outstanding subscription for the year 2021-22 Rs. 20000
Subscription received in advance in 2020-21 Rs. 5000
Subscription received in advance in 2021-22 Rs. 4000
Held on 15 Jul 2022 · Verified 13 Jul 2026.
Rs. 1,11,000
Rs. 1,19,000
Rs. 89,000
Rs. 1,21,000
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An unrecorded asset is taken over by a creditor in full settlement in such a case
The liability of partners is
As per AS-26 Intangible assets like goodwill should be written off.
Identify the correct statement from the given below :-
By virtue of which section of the Indian Partnership Act 1932, partnership is defined as 'the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all'.
Work through every CUET UG Partnership PYQ, year by year.