[ISC] Q 47 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

Solution of Question number 47 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

Following is the Receipts & Payments Account of Semond Football Club:

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

Receipts	₹	Payments	₹
To Balance b/d To Subscriptions To Tournament Fund To Interest (Investments) To General Donations To Sale – Concert Tickets	1,82,000 1,80,000 1,64,000 65,000 1,12,000 2,47,000	By Salaries paid to Coaches By Printing and Stationery By Rent By Telephone Expenses By Sports Material By 6% Investments By Miscellaneous Expenses By Concert Expenses By Balance c/d	1,66,000 32,000 48,000 8,000 78,000 5,00,000 24,000 58,000 36,000
	9,50,000		9,50,000

Additional Information:

(i) Subscriptions include ₹ 12,000 for 2021 – 22 and ₹ 18,000 for 2023 – 24.

(ii) Stock of Stationery on 31st March, 2022 and 2023 was ₹ 7,200 and 5,400 respectively.

(iii) Stock of Sports material at the beginning and end of the year was ₹ 12,000 and ₹ 21,000 respectively.

(iv) Rent includes ₹ 4,000 paid for March, 2022. Rent for March, 2023 is outstanding.

(v) Telephone expenses include ₹ 3,000 as quarterly rent up to 31st May, 2023.

(vi) The value of Building as on 31st March, 2022, was ₹ 8,00,000 and you are required to write off depreciation at 10%.

(vii) The value of investments on 31st March, 2022 was ₹ 10,00,000 and the club made similar additional investments during the year on 1st October, 2022.

Prepare the club’s income & Expenditure Account for the year ending on 31st March, 2023.

Solution:-

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