[ISC] Q 5 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

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Solution of Question number 5 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

From the following information, calculate the amount of subscription to be credited to the Income & Expenditure Account for the year ended 31st March, 2023:

1st April, 2022:Subscription in Arrears
Subscription Received in Advance
5,000
3,000
31st March, 2023:Subscriptions in Arrears
Subscriptions Received in Advance
2,500
7,000

Subscriptions received during the year ended 31st March, 2023 – ₹ 30,000.

Solution:-

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