[ISC] Q 38 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

Solution of Question number 38 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

Following particulars relate to Queen’s 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 Subscriptions: Arrear Current Advance To Profit from Canteen To Miscellaneous Receipts To Sale of Old Newspapers To Dividends	240 12,660 480	6,000 13,380 9,000 450 1,120 4,850	By Salaries By Stationery By Insurance Premium By Telephone By Investments By Advertisements By Postage By Sundries By Balance c/d	12,450 2,400 3,600 600 7,500 1,050 1,000 3,500 2,700
		34,800		34,800

You are required to prepare the Income & Expenditure Account for the year ended 31st March, 2023 and the Balance Sheet as on that date after making the following adjustments:

(i) There are 450 members each paying an annual subscription of ₹ 30 and ₹ 270 being in arrears for 2021-22 in the beginning of this year.

(ii) Stock of Stationery on 31st March, 2022 was ₹ 300 and on 31st March, 2023 was ₹ 540.

(iii) Cost of Building is ₹ 60,000. Depreciate is at 5%.

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