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Home Questions S5EUMYJTTS
Target Exam

CUET

Subject

Accountancy

Chapter

Accounts for Non Profit Organsiation

Question:

If the total income earned by Saket Club, a Not-for-Profit organization is ₹2,60,000 and the surplus earned is ₹85,000, then the total expenditure incurred will be:

Options:

₹185000

₹175000

₹345000

₹85000

Correct Answer:

₹175000

Explanation:

Expenditure + surplus = Income
Exp             +85000   =260000
Exp = 260000 - 85000
       =₹175000

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