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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

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B

Rs 4300

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C

Rs 20300

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D

All of these

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Solution

The correct option is C
Rs 20300

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

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