Page 282 - ISCDEBK-XI

23.30 Double Entry Book Keeping—ISC XI

2. Dr. SUBSCRIPTIONS ACCOUNT Cr.
Particulars ` Particulars `

To Outstanding Subscriptions A/c 12,000 By Subscriptions Received in Advance 15,000
(Beginning) (Beginning)
To Income & Expenditure A/c 1,94,750 By Bank A/c 2,02,750
(Balancing Figure) By Outstanding Subscriptions A/c 7,000
To Subscriptions Received in Advance A/c 18,000 (Closing)
2,24,750 2,24,750

3. Dr. ENTRANCE FEE ACCOUNT Cr.
Particulars ` Particulars `
To Entrance Fee Refundable A/c 20,000 By Balance b/d 1,00,000
To Capital Fund 1,80,000 By Bank A/c 1,00,000
2,00,000 2,00,000

4. Dr. FIXED ASSETS ACCOUNT Cr.
Particulars ` Particulars `

To Balance b/d 5,00,000 By Bank A/c 8,000
By Loss on Sale of Fixed Assets A/c 2,000
By Depreciation A/c 49,000
(10% of ` 4,90,000)
By Balance c/d 4,41,000
5,00,000 5,00,000

5. Calculation of Stock Consumed: `
Opening Stock 3,80,000
Add: Purchases 15,00,000
18,80,000
Less: Closing Stock 2,10,000
Stock Consumed during the year 16,70,000

6. Dr. SUNDRY CREDITORS ACCOUNT Cr.
Particulars ` Particulars `
To Bank A/c 15,20,000 By Balancing b/d 1,12,000
To Balanced c/d (Balancing Figure) 92,000 By Purchases A/c 15,00,000
16,12,000 16,12,000