[ISC] Q 22 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

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Solution of Question number 22 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

Show how following items will be dealt while preparing final accounts for the year ended 31st March, 2023 for a non-trading organisation:

Case 1.

Expenditure on construction of Pavillion is ₹ 6,00,000. The construction work is in progress and has not yet completed. Capital Fund as at 31st March, 2022 is ₹ 20,00,000.

Case 2.

Expenditure on construction of Pavillion is ₹ 6,00,000. The construction work is in progress and has not yet completed. Pavilion Fund as at 31st March, 2022 is ₹ 10,00,000; and Capital Fund as at 31st March, 2022 is ₹ 20,00,000.

Case 3.

Expenditure on construction of Pavilion is ₹ 6,00,000. The construction work is in progress and has not yet completed. Pavilion Fund as at 31st March, 2022 is ₹ 10,00,000 and Capital Fund as at 31st March, 2022 is ₹ 20,00,000. Donation Received for Pavilion on 1st January, 2023 is ₹ 5,00,000.

Solution:-

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Anurag Pathak

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