[ISC] Q 2 NPO Solution TS Grewal (2022-23) Class 11

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Are you looking for the solution of Question number 2 NPO Chapter TS Grewal class 11 ISC Board for 2022-23 Session?

During the year ended 31st March, 2021, subscriptions received by the Jaipur Literary Society were ₹ 42,000. These subscriptions included ₹ 1,400 received for the year ended 31st March, 2020. On 31st March, 2021, subscriptions due but not received were ₹ 1,000. What amount should be credited to the Income & Expenditure Account for the year ended 31st March, 2021 as subscriptions?

Solution:-

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