[ISC] Q 23 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

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Solution of Question number 23 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

Book value of furniture on 1st April 2022 is ₹ 60,000. Half of this furniture is sold for ₹ 20,000 on 30th September 2022. Depreciation is to be charged on furniture @ 10% p.a.

Calculate loss on sale of furniture. Show how the loss on sale and depreciation on furniture will be shown in the Income & Expenditure Account for the year ended 31st March 2023.

Solution:-

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