[ISC] Q 33 Non Trading Organisation Solution TS Grewal (2022-23) Class 11
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
| Receipts | ₹ | Payments | ₹ |
| 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 |
| 6,000 | 6,000 |
(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.N | Solutions |
| 1 | Question – 1 |
| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
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| 11 | Question – 11 |
| 12 | Question – 12 |
| 13 | Question – 13 |
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| 15 | Question – 15 |
| 16 | Question – 16 |
| 17 | Question – 17 |
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| 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 |
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| 31 | Question – 31 |
| 32 | Question – 32 |
| 33 | Question – 33 |
| 34 | Question – 34 |
| 35 | Question – 35 |
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| 37 | Question – 37 |
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| 40 | Question – 40 |
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| 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 |
