[ISC] Q 15 Non Trading Organisation Solution TS Grewal (2022-23) Class 11

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Are you looking for the solution of Question number 15 Non Trading Organisation Chapter TS Grewal class 11 ISC Board for 2022-23 Session?

How will be the following shown in the final accounts for the year ended 31st March, 2021?

Receipts & Payments Account (An Extract)

for the year ended 31st March, 2021

ReceiptsPayments
By Payment for Medicines1,50,000

Additional Information:

As at 1st April, 2020
As at 31st March, 2021
Stock of Medicines50,00075,000
Creditors for Medicines40,00060,000

Solution:-

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