Edaccountancy

2. (Presentation of subscription only) With the above information present the item Subscription in Income and Expenditure Account for the year ended 31.03.2019 Balance Sheet as on that date. Subscription meaning: Subscription is a revenue of income Collected by the member of Not for Profit concern. Subscription may be given periodically Quarterly, Yearly, monthly. All member have to pay subscription regularly. It is credited to Income and Expenditure Account. It can be Classified into: Subscription received in advance and Outstanding Subscription  

1. (Calculation of stationery consumed during the year) With the above information, calculate the amount of stationery consumed during the year and show its presentation in final accounts of a concern  Balance Sheet as on 01.04.2018 Liabilities   Amount   Amount   Assets   Amount   Amount         Stock of Stationery     400               Receipts and Payments account for the year ending 31.03.2019 Dr.   Cr.   Receipts   Amount   Amount   Payments   Amount   Amount         By Stationery Purchased     6,300               Adjustments : 1. ₹1,000 Outstanding for stationery bill. 2. Stock of stationery as on 31.03.2019 was valued at ₹1,800. With the above information, calculate the amount of stationery consumed during the year and show its presentation in final accounts of a concern.

Depreciation Calculator Tool  Depreciation Calculator along with month and percentage Depreciation Calculator only by percentage  1. On 1st April 2015 Farid of Nasik purchased a Motor car for ₹55,000. The scrap value of the motor Car was estimated at ₹10,000 and its estimated life is 10years The Registration charges of the Motor Car is ₹5,000.   Show Motor car Account for the first years, assuming that the books of accounts are closed on 31st march every year.     2. On 1st Jan 2017 'Sai Industries Nagpur, purchased a Machine costing ₹1,65,000 and spent ₹15,000 for its installation charges. the estimated life of the machine is to be 10 years and the scrap value at the end of its life would be ₹30,000. On 1st Oct 2018 the entire Machine was sold for ₹1,50,000.  Show Machinery Account, Depreciation Account for the years 2016-2017, 2017-2018 and 2018-2019, assuming that the accounts are closed on 31st March every year.   3. Shubhangi Trading Company of Dombivli purchased machinery