[ISC] Q 43 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

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Solution of Question number 43 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

The following information is of Akshay Club for the year ended 31st March, 2023:

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

ReceiptsPayments
To Balance b/d:
Cash
Bank
To Legacy
To Subscription
(including ₹ 4,000 for 2021-22)
To Sale of Old Furniture
To Sale of Old Newspapers
To Advertisements in the Year Book
2,000
4,000
6,000
10,000
94,000
7,500
500
2,000
By Salaries
By Honorarium
By General Expenses
By Charities
By Printing and Stationery
By Postage and Courier
By Rent and Taxes
By Sports Materials
By Balance c/d:
Bank
36,000
4,000
24,000
6,000
12,000
5,000
7,000
25,000
1,000
1,20,0001,20,000

Additional Information:-

Particulars31st March,
2022
31st March,
2023
(i)Subscription due
(ii)Subscription received in advance
(iii)Furniture
(iv)Depreciation was 10% p.a. on the furniture left after selling a part of it.

Prepare Income & Expenditure Account for the year ended 31st march, 2023 and Balance Sheet as on that date.

Solution:-

Working Notes:-

Below is the list of all the Practical problems

S.NSolutions
1Question – 1
2Question – 2
3Question – 3
4Question – 4
5Question – 5
6Question – 6
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10Question – 10
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11Question – 11
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20Question – 20
S.NSolutions
21Question – 21
22Question – 22
23Question – 23
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25Question – 25
26Question – 26
27Question – 27
28Question – 28
29Question – 29
30Question – 30
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31Question – 31
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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
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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 for free lectures

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