[ISC] Q 34 Non Trading Organisation Solution TS Grewal (2022-23) Class 11

Are you looking for the solution of Question number 34 Non Trading Organisation Chapter TS Grewal class 11 ISC Board for 2022-23 Session?

Following particulars relate to Madura Club for the year ended 31st March, 2022:

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

Receipts	₹	Payments	₹
To Balance b/d To Subscriptions Arrear Current Advance To Profit from Canteen To Miscellaneous Receipts To Sale of Old Newspapers To Dividends	6,000 240 12,660 480 9,000 450 1,120 4,850	By Salaries By Stationery By Rate and Taxes By Telephone By Investments By Advertisements By Postage By Sundries By Balance c/d	12,450 2,400 3,600 600 7,500 1,050 1,000 3,500 2,700
	34,800		34,800

You are required to prepare the Income & Expenditure Account for the year ended 31st March, 2022 and the Balance Sheet as on that date after making the following adjustments:

(i) There are 450 members each paying an annual subscription of ₹ 30 and ₹ 270 being in arrear for 2020 – 21 in the beginning of this year.

(ii) Stock of stationery on 31st March, 2021 was ₹ 300 and on 31st March, 2022 was ₹ 540.

(iii) Cost of Building is ₹ 60,000. Depreciate it at 5%.

Solution:-

Below is the list of all the Practical problems

S.N	Solutions
1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
9	Question – 9
10	Question – 10

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11	Question – 11
12	Question – 12
13	Question – 13
14	Question – 14
15	Question – 15
16	Question – 16
17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

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21	Question – 21
22	Question – 22
23	Question – 23
24	Question – 24
25	Question – 25
26	Question – 26
27	Question – 27
28	Question – 28
29	Question – 29
30	Question – 30

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31	Question – 31
32	Question – 32
33	Question – 33
34	Question – 34
35	Question – 35
36	Question – 36
37	Question – 37
38	Question – 38
39	Question – 39
40	Question – 40

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41	Question – 41
42	Question – 42
43	Question – 43
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46	Question – 46
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48	Question – 48
49	Question – 49