If income of a non profit organisation d

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Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounts for Non Profit Organsiation

Question:

If income of a non profit organisation during a year is ₹20,000 and deficit is ₹2,500, what will be the expenses?

Options:

₹20,000

₹2,500

₹22,500

₹17,500

Correct Answer:

₹22,500

Explanation:

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.