[ISC] Q 41 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

Solution of Question number 41 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

Given below is the Receipts & payments Account of Confident Sports Club for the year ending 31st March, 2023 and additional information. Prepare Inocme & Expenditure Account for the year ending 31st March, 2023 and the Balance Sheet on the same date:

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 Interest To Sale of Furniture To Donations for Club Building	1,200 27,360 960	5,760 29,520 240 1,200 7,200	By Purchase of Balls By Tournament Fee By Affiliation Fee By Rent for Playground By Refreshment By Travelling Expenses By Investments By Salaries By Miscellaneous Expenses By Balance c/d	9,600 1,200 240 600 480 3,600 12,000 1,440 960 13,800
		43,920		43,920

Additional Information:

(i) Current Year’s subscription of ₹ 1,920 was still outstanding.

(ii) Interest accrued for the year but not received amounted to ₹ 60.

(iii) Book value of the furniture sold was ₹ 1,680.

(iv) Rent of the playground ₹ 720 and salaries ₹ 600 for the current year was outstanding and the rent of the playground for the year 2021-22 has been paid during the year.

(v) There was a stock of balls with the club at ₹ 480 as on 31st March, 2023.

Solution:-

Working Note:-

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