[ISC] Q 25 Non Trading Organisation Solution TS Grewal (2022-23) Class 11

Solution of Question number 25 Non Trading Organisation Chapter TS Grewal class 11 ISC Board for 2022-23 Session?

How will be the following items dealt while preparing the Income & Expenditure Account of North Sports Club for the year ending on 31st March, 2021 and a Balance Sheet as on that date?

Particulars	1st April, 2020 (₹)	31st March, 2021 (₹)
Outstanding Subscription Advance Subscription Outstanding Salaries Prepaid Salaries Amount due to Suppliers of Sports Materials Advance to Suppliers of Sports Materials Stock of Sports Materials	19,000 5,600 30,000 10,000 30,000 10,000 30,000	14,000 10,000 18,000 6,000 18,000 6,000 14,000

During the year, payment made to the Suppliers of Sports Materials was ₹ 1,08,000 and Cash Purchases amounted to 20% of Credit Purchases. Subscription received ₹ 2,97,800; Salaries paid ₹ 1,08,000.

Solution:-

Below is the list of all the Practical problems

S.N	Solutions
1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
9	Question – 9
10	Question – 10

S.N	Solutions
11	Question – 11
12	Question – 12
13	Question – 13
14	Question – 14
15	Question – 15
16	Question – 16
17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

S.N	Solutions
21	Question – 21
22	Question – 22
23	Question – 23
24	Question – 24
25	Question – 25
26	Question – 26
27	Question – 27
28	Question – 28
29	Question – 29
30	Question – 30

S.N	Solutions
31	Question – 31
32	Question – 32
33	Question – 33
34	Question – 34
35	Question – 35
36	Question – 36
37	Question – 37
38	Question – 38
39	Question – 39
40	Question – 40

S.N	Solutions
41	Question – 41
42	Question – 42
43	Question – 43
44	Question – 44
45	Question – 45
46	Question – 46
47	Question – 47
48	Question – 48
49	Question – 49