[ISC] Q 38 Non Trading Organisation Solution TS Grewal (2022-23) Class 11
Are you looking for the solution of Question number 38 Non Trading Organisation Chapter TS Grewal class 11 ISC Board for 2022-23 Session?
From the following information and the Receipts and Payments Account of Prince Club, prepare Income & Expenditure Account for the year ended 31st March, 2021 and the Balance Sheet as at that date:
Receipts and Payments Account for the year ended 31st March, 2021
| Receipts | ₹ | Payments | ₹ |
| To Balance b/d To Entrance Fees To Subscriptions To Donations To Life Membership Fees To Interest on Deposits To Proceeds of Tournament | 3,190 550 18,000 1,650 2,500 240 2,320 | By Rent By Wages By Lighting Charges By Books Purchased By Office Expenses By 8% Fixed Deposits (on 1st October, 2020) By Tournament Expenses By Balance c/d | 1,680 2,450 720 2,480 4,500 12,000 2,020 2,600 |
| 28,450 | 28,450 |
Other Information:
On 31st March, 2020, the Club possessed books worth ₹ 20,000 and Furniture worth ₹ 8,500. Provide depreciation on these assets @ 10% including purchases during the year.
Subscriptions in arrears in the beginning of the year amounted to ₹ 350 and at the end of the year ₹ 550 were outstanding.
The Club paid three months’ rent in advance both in the beginning and at the end of the year.
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 |
