[ISC] Q 31 Non Trading Organisation Solution TS Grewal (2022-23) Class 11

Are you looking for the solution of Question number 31 Non Trading Organisation Chapter TS Grewal class 11 ISC Board for 2022-23 Session?

Following is the summary of cash transactions of the South India Club for the year ended 31st March, 2022:

Receipts and Payments Account for the year ended 31st March, 2022

Receipts	₹	Payments	₹
To Balance b/d: Cash Bank To Entrance Fees To Subscriptions To Donations To Life Membership Fees To Surplus on Cultural Show	5,000 26,900 25,500 1,60,000 16,500 25,000 5,600	By Rent and Rates By Salaries By Lighting Charges By Lecturer’s Fees By Books By Office Expenses By 3% Fixed Deposit (1st October, 2021) By Balance c/d: Cash Bank	16,800 24,500 7,200 43,500 21,300 45,000 80,000 2,000 24,200
	2,64,500		2,64,500

Additional Information:

(i) In the beginning of the year, the club had Books of ₹ 2,00,000 and Furniture of ₹ 85,000.

(ii) Subscriptions in arrears in the beginning of the year amounted to ₹ 3,500 and at the end of the year ₹ 4,500.

(iii) Six months Rent ₹ 6,000 was due both in the beginning of the year and at the end of the year.

Prepare the Income and Expenditure Account of the club for the year ended 31st March, 2022 and its Balance Sheet as at that date after writing off ₹ 5,000 and ₹ 11,300 on Furniture and Books respectively.

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