[ISC] Q 6 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

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Solution of Question number 6 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

Calculate the amount of subscription which will be treated as income for the year 2022 – 23, for each of the following cases:

CaseParticulars
1.(i) Subscriptions collected during the year 2022-23
(ii) Subscription in arrear for the year 2022-3
(iii) Subscription received in advance for the year 2023-24
2,50,000
6,000
5,000
2(i) Subscriptions collected during the year 2022-23
(ii) Subscriptions for the year 2022-23 collected in 2021-22
(iii) Subscriptions unpaid for the year 2022-23
49,000
3,000
2,000
3(i) Subscription received during the year 2022-23
(ii) Subscriptions outstanding in the beginning of 2022-23
(iii) Subscriptions not yet collected for 2022-23
25,000
3,000
5,000
4(i) Subscriptions received during the year 2022-23
(ii) Subscriptions outstanding in the beginning of 2022-23
(iii) Subscriptions not yet collected for 2022-23
(iv) Subscriptions for 2023-24 received in advance.
80,000
5,000
8,000
2,000
5(i) Subscriptions received during the year 2022-23
(ii) Subscriptions outstanding at the end of 2021-22
(iii) Subscriptions received in advance on 31st March, 2022
(iv) Subscriptions received in advance on 31st March, 2023
(v) Subscriptions not yet collected for 2022-23
90,000
5,000
3,000
4,000
6,000

Solution:-

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