If income of a NPO during a year is ₹2

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Target Exam

CUET

Subject

Accountancy

Chapter

Accounts for Non Profit Organsiation

Question:

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

Options:

₹20000

₹2500

₹22500

₹17500

Correct Answer:

₹22500

Explanation:

Expenses= 20,000+2500=22500