[ISC] Q 32 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

Solution of Question number 32 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

Following is the Receipts & Payments Account of Young India Sports Club for the year ended 31st March 2023:

Receipts	₹	Payments		₹
To Balance b/d To Donation for Building To Life Membership Fees To Receipts from Matches To Subscriptions To Lockers Rent To Interest on Investments To Sale of Furniture (Book Value ₹ 800) To Entrance Fees	10,000 50,000 4,000 8,000 5,200 400 240 1,000 3,000	By Building By Match Expenses By Furniture By 20% Investments (Purchased on 1st July, 2022) By Salaries 2021-22 2022-23 By Insurance By Sundry Expenses By Balance c/d (Bank)	2,000 5,000	54,000 450 2,550 16,000 7,000 350 970 520
	81,840			81,840

Additional Information:

(i) Subscriptions outstanding on 31st March, 2022 were ₹ 200 and on 31st March, 2023 were ₹ 300.

(ii) Outstanding Salaries for the year ended 31st March 2023 were ₹ 800 and outstanding bills for sundry expenses were ₹ 600.

(iii) Donations for Building includes ₹ 10,000 for general donations.

Prepare Income & Expenditure Account of the Club for the year ended 31st March, 2023.

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

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
50	Question – 50
51	Question – 51
52	Question – 52