[ISC] Q 39 Non Trading Organisation Solution TS Grewal (2022-23) Class 11
Are you looking for the solution of Question number 39 Non Trading Organisation Chapter TS Grewal class 11 ISC Board for 2022-23 Session?
From the following Receipts & Payments Account and other information given, prepare the Income & Expenditure Account and the Balance Sheet of the Modern Social Club:
Receipts & Payments Account for the year ended 31st March, 2021
| Receipts | ₹ | Payments | ₹ |
| To Balance b/d To Subscriptions To Profit on Dance Show To Collections (Matches) To Competition Fees To Sales of Refreshements | 7,000 24,000 14,800 2,500 1,800 8,200 | By Prizes By Games Equipment By Rent By Rates By Printing By Stationery By Postages By Secretary’s Expenses By Repairs (Equipment) By Wages By Refreshments By Balance c/d | 2,200 2,000 10,500 3,00 1,600 2,200 1,900 1,400 2,700 12,000 5,100 13,700 |
| 58,300 | 58,300 |
The following matters should be taken into account:
(i) Capital Fund as at 1st April, 2020 ₹ 42,000.
(ii) Fixed Assets owned by the Club as at 1st April, 2020 – Furniture and Fittings ₹ 15,000; Games Equipment ₹ 20,000. These are to be depreciated @ 10% on opening values.
(iii) Amounts outstanding as at 31st March, 2021 – Printing ₹ 400; Refreshments ₹ 700.
(iv) On 31st March, 2021 – Rent paid in advance ₹ 1,500; Subscriptions due ₹ 1,200; Subscriptions in advance ₹ 500.
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 |
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| 11 | Question – 11 |
| 12 | Question – 12 |
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| 15 | Question – 15 |
| 16 | Question – 16 |
| 17 | Question – 17 |
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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 |
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| 31 | Question – 31 |
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| 33 | Question – 33 |
| 34 | Question – 34 |
| 35 | Question – 35 |
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| 37 | Question – 37 |
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| 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 |
