Pls provide me the answer to this question in ACCOUNT METHOD ONLY
Dear student
Regards
| Subscription A/c | |||
|---|---|---|---|
| Particulars | Amount | Particulars | Amount |
| To Balance b/f (O/s -2018) | 500 | By Balance b/f (Advance - 2019) | 1100 |
| To Income & Exp. A/c | 35000 | By Cash | 35400 |
| To balance c/d (Advance) 2020 - 1200 2021 - 300 |
1500 | By balance c/d (O/s) 2018 -100 2019 - 400 |
500 |
| 37000 | 37000 | ||
| Extract of Income & Expenditure A/c | ||||
|---|---|---|---|---|
| Particulars | Amount | Particulars | Amount | |
| By Subscriptions received in 2019 | 35400 | |||
| Less: Received for 2018 | -400 | |||
| Add: Received in advance in 2018 | 1100 | |||
| Less: Received in advance for 2020 | -1200 | |||
| Less: Received in advance for 2021 | -300 | |||
| Add: O/s at the end of 2019 | 400 | 35000 | ||
| Specimen of Balance Sheet as on 31 March 2019 | |||
|---|---|---|---|
| Liabilities | Amount | Assets | Amount |
| Advanced Subscription | Subscription O/s | ||
| 2020 | 1200 | 2018 | 100 |
| 2021 | 300 | 2019 | 400 |
Regards