[ISC] Q 26 Non Trading Organisation Solution TS Grewal (2022-23) Class 11

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Are you looking for the solution of Question number 26 Non Trading Organisation Chapter TS Grewal class 11 ISC Board for 2022-23 Session?

From the following Receipts and Payments Account, prepare Income & Expenditure Account for the year ended 31st March, 2021:

ReceiptsPayments
To Balance b/d (1st April, 2020):
Cash
Bank
To Subscriptions
(including ₹ 200 for 2019 – 20 and ₹ 150 for 2021 – 21)
To Investments
To Sale of Furniture
To Sale of Old Newspapers
To Entrance Fees
To Life Membership Fees
550
2,800
3,900


850
600
40
100
1,000
By Salaries
By Rent
By NewsPapers
By Printing and Stationery
By Postage, Stamps, etc.
By Steel Almirahs
By Defence Bonds
By Balance c/d (Cash) 31st March, 2021
By Balance c/d (Bank) (31st March, 2021)
3,400
1,200
100
190
130
350
1,000
970
2,500
9,8409,840

Solution:-

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