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

Share your love

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?

Particulars1st 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.NSolutions
1Question – 1
2Question – 2
3Question – 3
4Question – 4
5Question – 5
6Question – 6
7Question – 7
8Question – 8
9Question – 9
10Question – 10
S.NSolutions
11Question – 11
12Question – 12
13Question – 13
14Question – 14
15Question – 15
16Question – 16
17Question – 17
18Question – 18
19Question – 19
20Question – 20
S.NSolutions
21Question – 21
22Question – 22
23Question – 23
24Question – 24
25Question – 25
26Question – 26
27Question – 27
28Question – 28
29Question – 29
30Question – 30
S.NSolutions
31Question – 31
32Question – 32
33Question – 33
34Question – 34
35Question – 35
36Question – 36
37Question – 37
38Question – 38
39Question – 39
40Question – 40
S.NSolutions
41Question – 41
42Question – 42
43Question – 43
44Question – 44
45Question – 45
46Question – 46
47Question – 47
48Question – 48
49Question – 49
Share your love
Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

Articles: 5913

Leave a Reply

Your email address will not be published. Required fields are marked *

close

Ad Blocker Detected!

Our Website is made possible by displaying online advertisements to our visitors. Please consider supporting us and remove the AD - Blocker to read this article.

Refresh