[ISC] Q 28 Non Trading Organisation Solution TS Grewal (2022-23) Class 11

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Are you looking for the solution of Question number 28 Non Trading Organisation Chapter TS Grewal class 11 ISC Board for 2022-23 Session?

Following is the Receipts & Payments Account of You Bee Forty Club for the year ended 31st March, 2022:

Receipts & Payments Account for the year ended 31st March, 2022

ReceiptsPayments
To Balance b/d
To Subscriptions:
2020 – 21
2021 – 22
To Donations
To Entrace Fees
15,000

6,000
35,000
5,000
8,000
By Salaries and Wages
By Office Expenses
By Sports Equipment
By Telephone Charges
By Electricity Charges
By Travelling Expneses
By Balance c/d
16,000
3,500
34,000
2,400
3,200
6,500
3,400
69,00069,000

(a) Outstanding Subscription for the year ended 31st March, 2022 were ₹ 5,500.

(b) Outstanding Salaries and Wages ₹ 4,000.

(c) Depreciate Sports Equipments by 25%.

Prepare from the above particulars, the Income & Expenditure Account

Solution:-

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