[ISC] Q 4 NPO Solution TS Grewal (2022-23) Class 11

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Are you looking for the solution of Question number 4 NPO Chapter TS Grewal class 11 ISC Board for 2022-23 Session?

During 2021-22, the subscriptions received by Kings Club of Delhi were ₹ 40,900 including ₹ 500 for 2020 – 21 and ₹ 1,000 for 2022 – 23. At the end of 2021 – 22, subscriptions outstanding for 2021 – 22 were ₹ 1,500. The subscriptions due but not received at the end of the previous year, i.e., 31st March, 2021 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, 2022.

Solution:-

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