[ISC] Q 17 Non Trading Organisation Solution TS Grewal (2022-23) Class 11

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Are you looking for the solution of Question number 17 Non Trading Organisation Chapter TS Grewal class 11 ISC Board for 2022-23 Session?

From the following information of a Non-for-Profit-Organisation, show the ‘Sports Mateials’ in the Income & Expenditure Account for the year ended 31st March, 2021 and the Balance Sheet as at 31st March, 2020 and 31st March, 2021:

Particulars31st March,
2020 (₹)
31st March, 2
2021 (₹)
Stock of Sports Materials6,2004,800
Creditors for Sports Materials9,8007,200
Advance to Suppliers for Sports Materials11,00019,000

Payment to Suppliers for Sports Materials during the year was ₹ 1,02,000. There were no cash purchase made.

Solution:-

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