[ISC] Q 11 Non Trading Organisation Solution TS Grewal (2022-23) Class 11

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Are you looking for the solution of Question number 11 Non Trading Organisation Chapter TS Grewal class 11 ISC Board for 2022-23 Session?

Calculate the amount to be shown in the Income and Expenditure Account for the year ended 31st March, 2022:

(i) Amount paid for stationery during the year – ₹ 540; Stock of Stationery in Hand on 31st March, 2022 – ₹ 25.

(ii) Stock of Stationery in Hand on 1st April, 2021 – ₹ 150; Payment made for Stationery during the year – 540; Stock of Stationery in Hand on 31st March, 2022 – ₹ 25.

(iii)

Stock of Stationery on 1st April, 2021150
Creditors for Stationery on 1st April, 2021100
Amount paid for Stationery during the year540
Stock of Stationery on 31st March, 202225

Solution:-

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