[ISC] Q 41 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

Share your love

Solution of Question number 41 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

Given below is the Receipts & payments Account of Confident Sports Club for the year ending 31st March, 2023 and additional information. Prepare Inocme & Expenditure Account for the year ending 31st March, 2023 and the Balance Sheet on the same date:

Receipts & Payments Account for the year ended 31st March, 2023

ReceiptsPayments
To Balance b/d
To Subscriptions:
2021-22
2022-23
2023-24
To Interest
To Sale of Furniture
To Donations for Club Building
1,200
27,360
960
5,760
29,520
240
1,200
7,200
By Purchase of Balls
By Tournament Fee
By Affiliation Fee
By Rent for Playground
By Refreshment
By Travelling Expenses
By Investments
By Salaries
By Miscellaneous Expenses
By Balance c/d
9,600
1,200
240
600
480
3,600
12,000
1,440
960
13,800
43,92043,920

Additional Information:

(i) Current Year’s subscription of ₹ 1,920 was still outstanding.

(ii) Interest accrued for the year but not received amounted to ₹ 60.

(iii) Book value of the furniture sold was ₹ 1,680.

(iv) Rent of the playground ₹ 720 and salaries ₹ 600 for the current year was outstanding and the rent of the playground for the year 2021-22 has been paid during the year.

(v) There was a stock of balls with the club at ₹ 480 as on 31st March, 2023.

Solution:-

Working Note:-

Below is the list of all the Practical problems

S.NSolutions
1Question – 1
2Question – 2
3Question – 3
4Question – 4
5Question – 5
6Question – 6
7Question – 7
8Question – 8
9Question – 9
10Question – 10
S.NSolutions
11Question – 11
12Question – 12
13Question – 13
14Question – 14
15Question – 15
16Question – 16
17Question – 17
18Question – 18
19Question – 19
20Question – 20
S.NSolutions
21Question – 21
22Question – 22
23Question – 23
24Question – 24
25Question – 25
26Question – 26
27Question – 27
28Question – 28
29Question – 29
30Question – 30
S.NSolutions
31Question – 31
32Question – 32
33Question – 33
34Question – 34
35Question – 35
36Question – 36
37Question – 37
38Question – 38
39Question – 39
40Question – 40
S.NSolutions
41Question – 41
42Question – 42
43Question – 43
44Question – 44
45Question – 45
46Question – 46
47Question – 47
48Question – 48
49Question – 49
50Question – 50
51Question – 51
52Question – 52
Share your love
Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

Articles: 5884

Leave a Reply

Your email address will not be published. Required fields are marked *

close

Ad Blocker Detected!

Our Website is made possible by displaying online advertisements to our visitors. Please consider supporting us and remove the AD - Blocker to read this article.

Refresh