What is the total revenue in the year 20

CUET Preparation Today

Start Free Mocks

Home Questions V886A3J2T6

Target Exam

CUET

Subject

Accountancy

Chapter

Analysis of Financial Statements

Question:

Read the following information and answer the questions.

Particulars	Year 2024 Amount (₹)	Year 2023 Amount (₹)
Revenue from operations	25,00,000	20,00,000
Other income	1,00,000	5,00,000
Employee benefit expenses	60% of total revenue	50% of total revenue
Other expenses	10% of employee benefit expenses	20% of employee benefit expenses
Tax rate	50%	40%

What is the total revenue in the year 2023?

Options:

₹20,00,000

₹22,00,000

₹24,00,000

₹25,00,000

Correct Answer:

₹25,00,000

Explanation:

The correct answer is option 4- ₹25,00,000.

Revenue from operations in year 2023 = 20,00,000
Other income in year 2023 = 5,00,000

Total income = Revenue from operations + Other income
= 20,00,000 + 5,00,000
= 25,00,000