[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
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
9	Question – 9
10	Question – 10

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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

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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
36	Question – 36
37	Question – 37
38	Question – 38
39	Question – 39
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