[ISC] Q 39 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

Solution of Question number 39 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

Following is the Receipts & Payments Account of the Gymkhana 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 Entrance Fees To Subscriptions: 2021-22 2022-23 2023-24 To Locker Rent To Special Subscriptions for Tournament (To be held in 2023-24)	1,000 84,500 1,500	1,500 2,750 87,000 2,500 17,250	By Rent By Stationery, Postage, etc. By Advertising Expenses By Billiards Table By Repairs and Renewals By Interest By Balance c/d	26,000 15,340 26,650 19,500 4030 7,500 11,980
		1,11,000		1,11,000

Locker Rent ₹ 300 is for 2021-22 and ₹ 450 is still owing. Rent ₹ 6,500 pertained to 2021-22 and ₹ 6,500 is still due. Stationery expenses ₹ 1,560 relate to 2021-22 and still owing are ₹ 1,822. Subscriptions unpaid for 2022-23 are ₹ 2,340.

Prepare Income & Expenditure Account of the club for the year ended 31st March, 2023 and the Balance Sheet as at that date.

Solution:-

Working Note:-

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