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:
Answer & explanation
Correct answer: option 2
The correct answer is option 2- ₹1,75,000.
Expenditure + surplus = Income
Exp + 85,000 = 2,60,000
Exp = 2,60,000 - 85,000
= ₹1,75,000