[ISC] Q 4 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

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Solution of Question number 4 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

During 2022-23, the subscriptions received by Kings Club of Delhi were ₹ 40,900 including ₹ 500 for 2021 – 22 and ₹ 1,000 for 2023 – 24. At the end of 2022 – 23, subscriptions outstanding for 2022 – 23 were ₹ 1,500. The subscriptions due but not received at the end of the previous year, i.e., 31st March 2022 were ₹ 800. While subscriptions received in advance on the same date were ₹ 1,800.

Calculate the amount of subscriptions to be credited to the Income & Expenditure Account for the year ended 31st March, 2023.

Solution:-

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