[ISC] Q 33 Non Trading Organisation Solution TS Grewal (2022-23) Class 11

Share your love

Are you looking for the solution of Question number 33 Non Trading Organisation Chapter TS Grewal class 11 ISC Board for 2022-23 Session?

From the following Receipts & Payments Account of a club and from the information, prepare the Income & Expenditure Account for the year ended 31st March, 2022 and the Balance Sheet as at that date:

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

ReceiptsPayments
To Balance b/d
To Subscriptions:
2020 – 21
2021 – 22
2022 – 23
To Rent received from the Use of Hall
To Profit from Entertainment
To Sale of Old Newspapers
700

500
2,000
400
1,400
800
200
By Salaries
By General Expenses
By Electricity Charges
By Books
By Newspapers
By Balance c/d
2,800
600
400
1,000
800
400
6,0006,000

(i) The club has 50 members each paying an annual subscription of ₹ 50. Subscription Outstanding on 31st March, 2021 were ₹ 600.

(ii) On 31st March, 2022, Salaries Outstanding amounted to ₹ 200. Salaries paid in the year included ₹ 600 for the year 2022 – 23.

(iii) On 1st April, 2021, the Club owned Building valued at ₹ 20,000. Furniture ₹ 2,000 and Books ₹ 2,000.

(iv) Provide depreciation on Furniture at 10%.

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: 5514

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