Question

select correct statement related to outgoings
a) gross income are assumed to be 30% of outgoing
b) gross rent are assumed to be 30% of outgoing
c) outgoing are assumed to be 30% of gross rent
d) outgoing are assumed to be 70% of gross rent
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Answer 1

Answer:

d number is the answer of this question please

Answer 2

Gross rent is assumed to be 30% of outgoing.

• Gross rent is the total amount paid to a landowner.
• When a person takes a property on the lease he pays a mutually decided rent to the owner.
• The outgoing is the total amount which the company pays as expenses.
• These include the salary cost of raw materials electricity bills and various other expenses.
• One of the biggest expenses of any business enterprise is the rent of the property that has been taken on lease.
• Therefore it is said that gross rent is resume to be 30% of outgoing.