[ISC] Q 43 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

Solution of Question number 43 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

The following information is of Akshay Club for the year ended 31st March, 2023:

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

Receipts		₹	Payments	₹
To Balance b/d: Cash Bank To Legacy To Subscription (including ₹ 4,000 for 2021-22) To Sale of Old Furniture To Sale of Old Newspapers To Advertisements in the Year Book	2,000 4,000	6,000 10,000 94,000 7,500 500 2,000	By Salaries By Honorarium By General Expenses By Charities By Printing and Stationery By Postage and Courier By Rent and Taxes By Sports Materials By Balance c/d: Bank	36,000 4,000 24,000 6,000 12,000 5,000 7,000 25,000 1,000
		1,20,000		1,20,000

Additional Information:-

	Particulars	31st March, 2022	31st March, 2023
(i)	Subscription due
(ii)	Subscription received in advance
(iii)	Furniture
(iv)	Depreciation was 10% p.a. on the furniture left after selling a part of it.

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

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