[ISC] Q 35 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

Solution of Question number 35 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

Following is the Receipts & Payments Account of Megha Amusement Club:

Receipts & Payments Account for the year ended 31st March, 2023

Receipts		₹	Payments	₹
To Balance b/d To Subscriptions: 2021-22 2022-23 2023-24 To Rent for Hall To Sale of Old Newspapers	10,000 2,60,000 20,000	35,000 2,90,000 4,500 500	By Salaries By General Expenses By Electricity Charges By Sports Materials By Newspapers By 10% Investments (31st March, 2023) By Balance c/d	45,000 10,000 15,000 1,00,000 2,000 1,00,000 58,000
		3,30,000		3,30,000

Additional Information:

(i) The club has 3,000 members, each paying an annual subscription of ₹ 100.

(ii) On 31st March 2023, salaries outstanding ₹ 5,000. Salaries paid also included ₹ 3,000 for 2021-22.

(iii) On 1st April, 2022, the club owned building valued at ₹ 1,00,000, furniture at ₹ 50,000 and books at ₹ 20,000.

(iv) Depreciation on building and furniture was provided @ 10% per annum.

Prepare the Income & Expenditure Account for the year ended 31st March 2023 and the Balance Sheet as on that date.

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