ncert book page no.25..non.profit organisation....do it yourself...question no. 1...subscription to be credited to income and expenditure account. pls solve the problem and give answer in details

Dear Student,

We have already covered a similar question in our study material provided at our website through a dedicated video explaining the above concept. Also, we suggest you instead of posting a full fledged query, post us a carried out solution that can be checked by our experts.

Solution to your query:
$$\begin{gathered} \mathrm{Subscriptions} \mathrm{received} \mathrm{during} \mathrm{the} \mathrm{year}: 1,01,000 \\ Add: \mathrm{Subscriptions} \mathrm{received} \mathrm{in} \mathrm{Advance} \mathrm{in} \mathrm{Beginning}: 5,000 \\ Add:\mathrm{Subscriptions} \mathrm{outstanding} \mathrm{at} \mathrm{the} \mathrm{end}: 12,000 \\ Less: \mathrm{Subscriptions} \mathrm{outstanding} \mathrm{in} \mathrm{the} \mathrm{Beginning}: (5,000) \\ Less: \mathrm{Subscriptions} \mathrm{received} \mathrm{in} \mathrm{Advance} \mathrm{at} \mathrm{the} \mathrm{End}: \underline{ (2,000)} \\ \mathrm{Subscriptions} \mathrm{to} \mathrm{shown} \mathrm{in} \mathrm{Income} \& \mathrm{Expenditure} \mathrm{A}/\mathrm{c} \mathbf{1}\mathbf{,}\mathbf{10}\mathbf{,}\mathbf{000} \end{gathered}$$

Link for Study Material:
https://www.meritnation.com/cbse/class11-commerce/studymaterial/accountancy/financial-accounting-part-ii/accounting-for-not-for-profit-organisation/395_2758_14077#slide5_subscription-account