Question

The monthly income and expenses for a business are 1,00,000 Rupees and 50,000 Rupees respectively. What is the value of receipts?

• A. 1,00,000 Rupees
• B. 50,000 Rupees
• C. 1,50,000 Rupees
• D. No receipt value

Answer 1

The correct option is A

1,00,000 Rupees

Receipt refers to the inflow of money or the income earned by a business. Therefore the value of receipts is nothing but the income which is equal to 1,00,000 Rupees.