[ISC] Q 49 Non Trading Organisation Solution TS Grewal (2022-23) Class 11

Are you looking for the solution of Question number 49 Non Trading Organisation Chapter TS Grewal class 11 ISC Board for 2022-23 Session?

From the following Receipts & Payments Account of Young Ladies Club, prepare Income & Expenditure Account for the year ended 31st March, 2022 and the Balance Sheet as at that date:

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

Receipts	₹	Payments	₹
To Balance b/d To Subscriptions: 2020 – 21 2021 – 22 2022 – 23 To Profit on Sports Meet To Income from Investments	1,02,500 4,500 2,11,000 7,500 1,55,000 1,00,000	By Salaries By Stationery By Rent By Telephone Expenses By Investments By Sundry Expenses By Balance c/d	2,08,000 40,000 60,000 10,000 1,25,000 92,500 45,000
	5,80,500		5,80,500

Additional Information:

(i) There are 450 members each paying an annual subscriptions of ₹ 500.

(ii) On 31st March, 2021:

(a) Outstanding subscription was ₹ 5,000.

(b) Outstanding Sundry Expenses were ₹ 7,000.

(c) Stock of Stationery was ₹ 5,000.

(d) Building was valued at ₹ 10,00,000 and it was subject to depreciation @ 5% p.a.

(e) Investments were of ₹ 20,00,000.

(iii) On 31st March, 2022, income accrued on the investments purchased during the year was ₹ 3,750.

(iv) Stock of stationery was valued at ₹ 9,000 and outstanding telephone expenses were ₹ 3,000 on 31st March, 2022.

Solution:-

Working Notes:-

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

S.N	Solutions
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

S.N	Solutions
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

S.N	Solutions
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

S.N	Solutions
41	Question – 41
42	Question – 42
43	Question – 43
44	Question – 44
45	Question – 45
46	Question – 46
47	Question – 47
48	Question – 48
49	Question – 49