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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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