[ISC] Q 10 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

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Solution of Question number 10 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

From the following information, calculate the amount of subscription to be shown in the credit of income and expenditure account for the year ending 31st March, 2023:

31st March,
2022
31st March,
2023
Subscriptions in Arrears20,00018,000
Subscriptions in Advance13,00011,000

In the year ended 31st March, 2023, subscriptions received were ₹ 2,10,000 (including ₹ 6,000 of arrears from previous year) and subscriptions in arrears of previous year were written off ₹ 4,000.

Solution:-

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