Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Accounts for Non Profit Organsiation

Question:

An Organisation shows ₹90,000 Balance of a fund in its Income and Expenditure A/c which was 60% of total fund received during the year whereas 40% was capitalised. How much amount was there in Receipt and Payment A/c?

Options:

₹36,000

₹54,000

₹90,000

₹1,50,000

Correct Answer:

₹1,50,000

Explanation:

Total amount received for fund 90,000* 100/60 = 150000