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Subscription received by safdarjung club during the year ended 31st Dec 2015 are as follows:- For 2014-Rs. 400 For 2015-Rs. 21000 For 2016-Rs.800 Rs.22200 Their are 450 members each paying an annual subscription of Rs.50,Rs.450 were in arrears for 2014 at the beginning of 2015. Prepare subscription outstanding subscription account and subscription received in advance account.

Posted by Aasib *** 3 years, 4 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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Posted by Palak Kumari 3 months, 4 weeks ago

CBSE > Class 12 > Accountancy

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Posted by Palak Sharma 4 months ago

CBSE > Class 12 > Accountancy

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Ativ, Meha and Nupur were partners in a firm sharing profits and losses in the ratio of 5 : 3:2. On 31-03-2016 their Balance sheet was as under: Liabilities Amount (T) Assets Amount (R) | Trade Creditors 26,500 Bank 23.500 Debtors 1,00,000 Stock 50,000 Fixed Assets 40,000 Advertisement Expenditure 25,000 Employees Provident Fund Ativ's Capital Meha's Capital 30,000 55,000 1,20,000 Nupur's Capital 10,000 2,40,000 2,40,000 Ativ retired on 1-4-2016. For this purpose, the following adjustments were agreed upon: (i) Goodwill of the firm was to be valued at 2 years purchase of the average profits of 3 completed years preceding the date of retirement. The profit for previous years were: 2013-14 55,000; 2014-15 7 65,000; 2015-16 7 60,000.

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CBSE > Class 12 > Accountancy

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Posted by Srishti Arya 1 month, 2 weeks ago

CBSE > Class 12 > Accountancy

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