Which of the following statements is true about the Income and Expenditure Account in Accounting?
The Income and Expenditure Account is a type of financial statement used by non-profit organizations to show their revenues and expenses over a specific period of time, usually a year. It is similar to the Profit and Loss Account used by for-profit organizations.
A shopkeeper sold a school bag at a profit of 65%. Had he sold the school bag at 35% profit he would have earned Rs.183 less. Find the cost price of the...
Profit percentage received on a product when sold for Rs. 650 is equal to the percentage loss incurred when the same product is sold for Rs. 330. Find t...
14% more is gained by selling a spectacles for Rs. 4288 than by selling it for Rs. 4113. Find the cost price of the spectacles.
Oil equal to 20% of the weight of ground nut is extracted in a mill. The matter left after extraction is sold as cattle feed at the rate of Rs 12.5/kg. ...
A shopkeeper sold an article at a gain of 20%. Had he bought it for 20% less than the original cost and sold it for ₹10 less, he would have gained 25%...
A laptop costs 20 times the cost of a headphone. On the laptop there is a profit of 10% while the total profit on selling the headphone and the laptop i...
A dealer sold an article at a loss of 4%. Had he sold it for ₹120 more, he would have gained 8%. To gain 11%, he should sell the article for?
The ratio of the cost price to the marked price of an article is 2:5 and the ratio of the profit percentage to the discount percentage is 5:2. Find the...
A shirt is marked 20% above the cost price and sold after a discount of Rs.104 at Rs.400. Find the cost price of the shirt.
The cost price of article A and B is Rs. ‘X’ and Rs. (X + 400), respectively. Article A is sold at 20% profit while article B is sold at 10% loss. I...
