[ISC] Q 36 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)
Solution of Question number 36 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?
From the following Receipts & Payments Account of City Club and additional information, prepare the Income & Expenditure Account for the year ended 31st March, 2023 and the Balance Sheet as at that date:
Receipts & Payments Account for the year ended 31st March, 2023
| Receipts | ₹ | Payments | ₹ | |
| To Balance b/d To Subscriptions 2021-22 2022-23 2023-24 To Rent received from the Use of Hall To Profit from Entertainment To Sale of Old Newspapers | 500 2,000 400 | 700 2,900 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. Subscriptions Outstanding on 31st March 2022 were ₹ 600.
(ii) On 31st March 2023, Salaries Outstanding amounted to ₹ 200. Salaries paid in the year included ₹ 600 for the year 2023-24.
(iii) On 1st April, 2022, the Club owned Building valued at ₹ 20,000, Furniture ₹ 2,000 and Books ₹ 2,000.
(iv) Provide depreciation on Furniture at 10%.
Solution:-
Working Notes:-
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 |
