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Sports expenses of Friends Club are ₹ 27,000 (including ₹ 7,000 prepaid expenses). The amount to be credited to the Receipts and Payments account will be: -

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Question

Sports expenses of Friends Club are ₹ 27,000 (including ₹ 7,000 prepaid expenses). The amount to be credited to the Receipts and Payments account will be:

Options

  • ₹ 20,000

  • ₹ 27,000

  • ₹ 7,000

  • ₹ 34,000

MCQ

Solution

₹ 27,000

shaalaa.com
Preparation of Income and Expenditure Account
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