[ISC] Q 33 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

Solution of Question number 33 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

Following is the Receipts & Payments Account of Leo Club for the year ended 31st March, 2023:

Receipts & Payments Account for the year ended 31st March, 2023

Receipts	₹	Payments	₹
To Balance b/d To Donation for Building To Life Membership Fees To Match Fund To Subscriptions To Locker Rent To Interest on Investments To Sale of Furniture (Book Value ₹ 8,000) To Entrance Fees	1,800 50,000 4,000 8,000 5,200 400 1,000 10,000 5,000	By Building By Match Expenses By Furniture By 10% Investments (Purchased on 1st July, 2022) By Salaries By Insurance By Sundry Expenses By Balance c/d	40,000 9,000 12,100 16,000 7,000 350 470 480
	85,400		85,400

Additional Information:

(i) During the year 2022-23, the Club had 550 members and each paying an annual subscription of ₹ 10.

(ii) Donation for Building includes 10% general donations.

(iii) Salaries Outstanding as at 1st April, 2022 were ₹ 1,000 and as at 31st March, 2023, were ₹ 500.

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

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
50	Question – 50
51	Question – 51
52	Question – 52