[ISC] Q 27 Non Trading Organisation Solution TS Grewal (2022-23) Class 11

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Are you looking for the solution of Question number 27 Non Trading Organisation Chapter TS Grewal class 11 ISC Board for 2022-23 Session?

Prepare Income and Expenditure Account from the following Receipts & Payments Account of the Delhi Nursing Society for the year ended 31st March, 2021:

Receipts & Payments Account

for the year ended 31st March, 2021

ReceiptsPayments
To Balance b/d (Bank)
To Subscriptions
To Fees from Non-members
To Municipal Grant
To Donations for Building Fund
To Interest
20,100
11,150
2,700
10,000
15,600
380
By Salaries of Nurses
By Board, Laundry and Domestic Help
By Rent, Rates and Taxes
By Cost of Car
By Expenses of Car
By Drugs and Incidental Expenses
By Balance C/d (Bank)
6,560
3,800
2,000
20,000
8,400
6,700
12,470
59,93059,930

A donation of ₹ 1,000 received for Building Fund was wrongly included in the Subscription Account. A bill of medicines purchased during the year amounting to ₹ 1,280 was outstanding.

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