If income of a non profit organisation during a year is ₹20,000 and deficit is ₹2,500, what will be the expenses?
Answer & explanation
Correct answer: option 3
The correct answer is option 3- ₹22,500.
Income + deficit = Expenses
Expenses = 20,000 + 2,500
= 22,500
So, total expenses of non profit organisation is ₹22,500.