[ISC] Q 16 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

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Solution of Question number 16 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

How will be the following shown in the final account for the year ended 31st March, 2023?

Receipts & Payments Account (An Extract)
for the year ended 31st March, 2023

ReceiptsPayments
By Payment for Medicines1,50,000
Additional Information:As at 1st April,
2022 (₹)
As at 31st March,
2023 (₹)
Stock of Medicines50,00075,000
Creditors for Medicines40,00060,000

Solution:-

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