[ISC] Q 8 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

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Solution of Question number 8 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

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

(i) Subscriptions in arrears on 31st March, 2022500
(ii) Subscriptions received in advance on 31st March, 2022 for 2022 – 231,100
(iii) Total subscriptions received during 2022 – 23
(including ₹ 400 for 2021-22, ₹ 1,200 for 2023 – 24 and ₹ 300 for 2024 – 25)
35,400
(iv) Subscriptions outstanding for 2022 – 23400

Solution:-

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