Question

9. Income for the year is `20,000 and expense for the period is `10,000, what will be the balance of income and expenditure account ? *
1 point



a) Surplus of `10,000



b) Surplus of `30,000



c) Deficit of `10,000



d) Deficit of `30,00

Answer 1

Answer:

10,000

Explanation:

income of the year20,000 And he expenses for 10,000 so, 20,000-10,000=10,000