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Can anyone explain Subscription in brief ? (Bohot dimaag kharab krti hai?)

Posted by ?????? ???? . 5 years, 1 month ago

1 answers

Yogita Ingle 5 years, 1 month ago

Subscription is the main source of income for an NPO besides entrance fees, donations, grants, etc. Subscriptions refer to the amount of money paid by the members on periodic basis for keeping their membership with the organisation alive. It is paid monthly, quarterly, half yearly or annually by the members.

It is shown in the debit side of the Receipt and Payment Account with the total amount received during the year that may be related to the current period and to the previous and next accounting period.

While calculating subscription for the current period, advance subscription received for the current period in the previous period and outstanding subscription for the current period are added to the subscription received during the current period. Whereas, on the other hand, advance subscription received for the next accounting period during the current period and outstanding subscription for the preceding period are deducted from the subscription received during the current period.

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ANSWER

Ankush Chandel 5 years, 1 month ago

Capital fund is general fund contributed by members for non profit organisation without mentioning any specific use. It is calculated by preparing opening balance sheet

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Mohd Muaz Malik 5 years, 1 month ago

X:Y 4:3 Admitted partner Z for 1/3rd share. Brought :- capital 1,00,000 G/w 21,000 _____________________________ Let total share =1 Z share =1/3 Remaining share 1/3-1/1 =2/3 X= 4/7×2/3 = 8/21 Y= 3/7×2/3 = 6/21 Z = 1/3 X:Y:Z 8/21:6/21:1/3 8 : 6 : ________________ 21

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Bank a/c 112000×10 To equity share application a/c 112000×10 ( being..................... ) Equity share application a/c 112000×10 To equity share capital a/c 112000×10

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Samie ❣️ 5 years, 1 month ago

# Bank A/c dr. 2,25,000 To share application a/c 2,25,000 #Share capital A/c dr. 2,25,000 To share application a/c 2,25,000 #Share allotment a/c dr. 3,00,000 To share capital a/c 3,00,000 #Bank a/c dr. 3,00,000 To share allotment a /c 3,00,000 #Share first and final call a/c dr. 2,25,000 To share capital a/c 2,25,000 #Bank a/c dr.2,25,000 To share first and final call a/c 2,25,000

Meghna Thapar 5 years, 1 month ago

Partnership is an association of two or more persons who have mutually decided to carry out business activities jointly and share its profits as well as losses. The partnership agreement may be written or oral.

Some of the features of partnership are:-

1. Two or More Persons 2. Agreement 3. Lawful Business 4. Registration 5. Profit Sharing 6. Agency Relationship 7. Unlimited Liability 8. Not a Separate Legal Entity 9. Transfer of Interest

10. Mutual Trust and Confidence 11. Number of Partners 12. Profit Sharing 13. Principal-Agent Relationship 14. Joint Ownership 15. Ownership and Control 16. Registration 17. Duration 18. Capital and a Few Others.

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