Cal calculate the amount of subscription credit to the income and expe

1.	Cal calculate the amount of subscription credit to the income and expenditure account1. amount received during the year 780000 2018 19 20000 2020 21 100002021 20 100002. Subscription received in advance 35000 as on 1st April 2019 including 15,000 for 2020 213. Subscription in errors as on 31st March 2020 50000 out of out of subscription in error on 1st April 2019 are not longer recoverable4. Subscription in error as on 1st April 2019 40000
Answer» On 1.1.20 X Ltd. purchased fixed assets WORTH 2,50,000 for a consideration of * 2,30,000 payable by the issue of 20,000 fully paid equity shares of 10 each at a premium of 15%. After 6 MONTHS X Ltd. sold the above fixed assets for * 3,20,000.

Cal calculate the amount of subscription credit to the income and expenditure account1. amount received during the year 780000 2018 19 20000 2020 21 100002021 20 100002. Subscription received in advance 35000 as on 1st April 2019 including 15,000 for 2020 213. Subscription in errors as on 31st March 2020 50000 out of out of subscription in error on 1st April 2019 are not longer recoverable4. Subscription in error as on 1st April 2019 40000

Answer»

On 1.1.20 X Ltd. purchased fixed assets WORTH 2,50,000 for a consideration of * 2,30,000 payable by the

issue of 20,000 fully paid equity shares of 10 each at a premium of 15%. After 6 MONTHS X Ltd. sold the

above fixed assets for * 3,20,000.

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Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ?

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