[ISC] Q 16 Non Trading Organisation Solution TS Grewal (2022-23) Class 11

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Are you looking for the solution of Question number 16 Non Trading Organisation Chapter TS Grewal class 11 ISC Board for 2022-23 Session?

How will be the following shown in the final accounts of a sports club for the year ended 31st March, 2022?

Receipts & Payments Account for the year ended 31st March, 2022

ReceiptsPayments
To Sale of Sports Materials
(Book Value ₹ 20,000)
26,000By Creditors for Sports Materials
By Cash Purchase of Sports Materials
61,000
10,000

Additional Information:

As at 31st March, 2021
As at 31st March, 2022
Sports Materials20,00025,000
Creditors for Sports Materials7,00015,000

Solution:-

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