if there are four persons in a family and their total income is Rs. 20,000/- what would be the average income of each person?
1) Rs. 4000/- 2) Rs. 20,000/- 3) Rs. 5000/- 4) Rs. 10,000/-
The annual income of two persons are in the ratio 9 : 7 and their expenses are in the ratio 4 : 3. If each of them saves Rs. 2000 per year, then their annual incomes are
(1) Rs.18000 and Rs.14000
(2) Rs.27000 and Rs. 21000
(3) Rs. 36000 and Rs. 28000
(4) Rs. 45000 and Rs. 35000
Income for the year is Rs 20,000 and expense for the year is Rs 10,000. What will be the balance of income and expenditure account?