[ISC] Q 32 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

Share your love

Solution of Question number 32 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

Following is the Receipts & Payments Account of Young India Sports Club for the year ended 31st March 2023:

ReceiptsPayments
To Balance b/d
To Donation for Building
To Life Membership Fees
To Receipts from Matches
To Subscriptions
To Lockers Rent
To Interest on Investments
To Sale of Furniture (Book Value ₹ 800)
To Entrance Fees
10,000
50,000
4,000
8,000
5,200
400
240
1,000
3,000
By Building
By Match Expenses
By Furniture
By 20% Investments
(Purchased on 1st July, 2022)
By Salaries
2021-22
2022-23
By Insurance
By Sundry Expenses
By Balance c/d (Bank)
2,000
5,000
54,000
450
2,550
16,000
7,000
350
970
520
81,84081,840

Additional Information:

(i) Subscriptions outstanding on 31st March, 2022 were ₹ 200 and on 31st March, 2023 were ₹ 300.

(ii) Outstanding Salaries for the year ended 31st March 2023 were ₹ 800 and outstanding bills for sundry expenses were ₹ 600.

(iii) Donations for Building includes ₹ 10,000 for general donations.

Prepare Income & Expenditure Account of the Club for the year ended 31st March, 2023.

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
50Question – 50
51Question – 51
52Question – 52
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 for free lectures

Articles: 6552

Leave a Reply

Your email address will not be published.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

x