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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?


  1. 50,000 Rupees

  2. 1,50,000 Rupees

  3. No receipt value

  4. 1,00,000 Rupees


Solution

The correct option is D

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.

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