[ISC] Q 40 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

Solution of Question number 40 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

Ganeev Sports Club gives the following Receipts & Payments Account 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: Current Year In Advance To Profit on Refreshments To Locker Rent To Interest on Deposits	2,20,000 24,000	27,000 16,000 2,44,000 53,000 12,000 2,000	By Purchase of New Lockers By Refreshment Expenses By Printing and Stationery By Postage By Miscellaneous Expenses By Lighting and Fuel By Match Expenses By Balance c/d	32,000 1,50,000 36,000 3,000 8,000 19,000 54,000 52,000
		3,54,000		3,54,000

of the subscriptions due for the current year, ₹ 21,000 are in arrears; Locker rent in arrears ₹ 2,000; Printing bill unpaid ₹ 2,000; Stationery Account unpaid ₹ 3,000. There is a sum of ₹ 2,00,000 on deposits at bank and the club House Equipments are valued at ₹ 12,00,000.

Prepare Income & Expenditure Account and the Balance Sheet as at 31st March, 2023.

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