MyQuestionIcon

2

You visited us 2 times! Enjoying our articles? Unlock Full Access!

Income and Expenditure Account

If Income is ...

Question

If Income is Rs 16,000 & amount of deficit debited to capital fund is Rs 4,300, then expenditure is___

A

Rs 1600

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Rs 4300

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Rs 20300

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

All of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
Rs 20300

Expenditure = 16,000 + 4,300 = Rs 20,300

Suggest Corrections

thumbs-up

10

Similar questions

If 'income' is Rs. 16,000 and 'deficit' is Rs. 4,300, then expenditure is—

Q. If income of an NPO is Rs. 16,000 and deficit is Rs. 4,300, then expenditure is .

Q. At the beginning of accounting year the following particulars are extracted value of Assets Rs. 25,000, Liabilities Rs. 5,000, Debit balance of income and expenditure account Rs. 2,500. Then capital fund will be ____________.

Q. Following details are available for Saturn social club. Opening balance of capital fund Rs. 4,67,600 Donation capitalized during the year Rs. 12,500 Surplus in Income & Expenditure A/c Rs. 18,750. Closing balance at capital fund must be ___________.

Q. Some amount of monthly expenditure varies directly as the income and remaining part of the expenditure directly varies as the square of the income. If the total expenditure is Rs 3500 then the income is Rs 5000 and if total expenditure is Rs 6300 then income is Rs 7000. If the total income is Rs 3000 what will be the expenditure?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Financial Statements of NPO

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Income and Expenditure Account

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon