[ISC] Q 18 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

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Solution of Question number 18 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

From the following information of a Non-for-Profit-Organisation, show the ‘Sports Materials’ in the Income & Expenditure Account for the year ended 31st March, 2023 and the Balance Sheets as at 31st March, 2022 and 31st March, 2023:

Particulars31st March,
2022 (₹)
31st March,
2023 (₹)
Stock of Sports Materials
Creditors for Sports Materials
Advance to Suppliers for Sports Materials
6,200
9,800
11,000
4,800
7,200
19,000

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

Solution:-

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