Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Accounts for Non Profit Organsiation

Question:

Second hand furniture was purchased by a NPO for ₹10,000 and ₹500 was spent on its repairs and ₹200 for its installations. How much of the amount will be capitalized in the books?

Options:

₹10000

₹10500

₹9300

₹10700

Correct Answer:

₹10700

Explanation:

10,000+500+200=₹10700