[ISC] Q 49 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

Solution of Question number 49 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

From the following particulars relating to the Ramakrishna Mission Charitable Hospital, prepare Income & Expenditure Account for the year ended 31st March, 2023 and the Balance Sheet as at that date:

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

Receipts	₹	Payments	₹
To Balance b/d To Subscriptions To General Donations To Interest on Investments @ 7% for full year To Proceeds from Charity Show	7,130 47,996 14,500 7,000 10,450	By Medicines By Doctor’s Honorarium By Salaries By Petty Expenses By Equipment By Expenses on Charity Show By Balance c/d	30,590 9,000 27,500 461 15,000 750 3,775
	87,076		87,076

Additional information:-

	As at 1st April, 2022 (₹)	As at 31st March, 2023 (₹)
Subscriptions due	240	280
Subscriptions Received in Advance	64	100
Stock of Medicines	8,810	9,740
Estimated Value of Equipment	21,200	31,600
Building (Cost less Depreciation)	40,000	38,000

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