Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Accounts for Non Profit Organsiation

Question:

An organisation received ₹85,000 for the building fund. Out of which 40% was capitaised. How much amount will be shown in Income and Expenditure a/c ?

Options:

₹85,000

₹51,000

₹34,000

None of these

Correct Answer:

₹51,000

Explanation:

Revenue Receipt will be = 85000 - ( 40% of 85,000) = ₹51,000