[ISC] Q 49 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

Share your love

Solution of Question number 49 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

From the following particulars relating to the Ramakrishna Mission Charitable Hospital, prepare Income & Expenditure Account for the year ended 31st March, 2023 and the Balance Sheet as at that date:

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

ReceiptsPayments
To Balance b/d
To Subscriptions
To General Donations
To Interest on Investments @ 7% for full year
To Proceeds from Charity Show
7,130
47,996
14,500
7,000
10,450
By Medicines
By Doctor’s Honorarium
By Salaries
By Petty Expenses
By Equipment
By Expenses on Charity Show
By Balance c/d
30,590
9,000
27,500
461
15,000
750
3,775
87,07687,076

Additional information:-

As at 1st April,
2022 (₹)
As at 31st March,
2023 (₹)
Subscriptions due240280
Subscriptions Received in Advance64100
Stock of Medicines8,8109,740
Estimated Value of Equipment21,20031,600
Building (Cost less Depreciation)40,00038,000

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
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Your email address will not be published.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