[ISC] Q 9 Non-Trading Organisation Solution TS Grewal Class 11 (2023-24)

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Solution of Question number 9 Non Trading Organisation (NPO) Chapter TS Grewal class 11 ISC Board for 2023-24 Session?

How will be the following items relating to subscriptions shown in the Income & Expenditure Account for the year ended 31st March, 2023 and the Balance Sheets as at 31st March, 2022 and 2023?

Subscriptions received during 2022 – 2335,850
Subscriptions outstanding on 31st March, 20223,000
Subscriptions received in Advance on 31st March, 20222,250
Subscriptions received in Advance on 31st March, 20231,350
Subscriptions outstanding on 31st March, 2023
(including ₹ 1,250 for 2021 – 22)
3,750

Solution:-

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