[ISC] Q 7 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

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Solution of Question number 7 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

From the following information, calculate the amount of subscriptions outstanding for the year 2022 – 23:

A club has 200 members each paying an annual subscription of ₹ 1,000. The Receipts and Payments Account for the year showed a sum of ₹ 2,05,000 received as subscriptions. The following additional information is provided:

Subscriptions Outstanding on 31st March, 2022
Subscriptions Received in Advance on 31st March, 2023
Subscriptions Received in Advance on 31st March, 2022
30,000
40,000
14,000

Solution:-

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