Question

Consultancy fee Rs. 5,000, Visiting fee Rs. 4,000, Sundary receipt Rs. 2,000, Salary to Assistant Rs. 3,000, Rent paid Rs. 2,000 and Motor car was purchased for Rs. 1,00,00 then the Surplus or Deficit would be Rs....
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Answer 1

Answer:

Surplus/Deficit= income- expenses

=(5000+ 4000 + 2000)- (3000 + 2000+ 100000)

= -94000

Deficit= Rs 94000

Answer 2

Answer:

There will be a deficit of Rs 94,000 in this situation

Step by step answer:

Surplus/Deficit can be calculated as:

= Income - Expense

= (5000+ 4000 + 2000)- (3000 + 2000+ 100000)

= - 94,000

Hence, we can conclude by saying that there is a deficit of Rs 94,000.